Jim Cramer on Microsoft: “Their AI Business is On Fire”

Microsoft Corporation (NASDAQ:MSFT) is one of the stocks Jim Cramer shared his views on. While discussing the company’s earnings, Cramer highlighted that it “reported a monster top and bottom line beat,” as he said:

“Tonight, we found out the smoke’s coming from Meta and Microsoft… Meanwhile, Microsoft also reported a monster top and bottom line beat with tremendous strength in their Azure cloud infrastructure business, many people think that’s the most important division, where growth accelerated from 35% to 39% in just three months. This is a huge business. That’s incredible. Their AI business is on fire, too. The scale of the sales and earnings beat here were pretty staggering.

I am shocked at the strength we’re seeing here. Microsoft, like Meta, is spending fortunes on hardware and software, and it just keeps paying off. As always, we have to wait until the Microsoft earnings call, which is ongoing, to get the company’s forecast and thus the full story. But the numbers that reported for this quarter, they are incredible. But these two core Magnificent Seven companies do not relate much to anything that Jay Powell’s talking about. As I called them, they are nation-states of their own.”

Pixabay/Public Domain

Microsoft (NASDAQ:MSFT) develops software, cloud platforms, business applications, and operating systems for consumers and enterprises. The company also provides devices, gaming products, and digital advertising solutions.

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Disclosure: None. This article is originally published at Insider Monkey.