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Microsoft gains from AI spending as Meta sparks concern

Two tech firms post earnings that diverge on issue of data centers
Microsoft’s Osmium campus in Cumming, Iowa, is a hyperscale development supporting the tech giant's Azure cloud services. (CoStar)
Microsoft’s Osmium campus in Cumming, Iowa, is a hyperscale development supporting the tech giant's Azure cloud services. (CoStar)

Microsoft's Azure cloud business posted its fastest growth in four years, results the software giant hopes will help ease concerns about multibillion-dollar spending on data centers that drove down the stock of Facebook parent Meta.

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