Microsoft cut its capex forecast and posted its best day since 2008

AI Summary On July 29, 2026, Microsoft informed its shareholders that cloud computing and AI had actually helped the company during its fiscal fourth quarter. The next day, Wall Street reacted by giving Microsoft its biggest rise in a single day since 2008, a 15.5% gain that added roughly $480 billion in market value. It is the... fulltext: 321 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/microsofts-biggest-rally-since-2008-revives-the-ai-trade/ Source: CryptoPolitan