Bitcoin traded around $63,900 on Thursday, marking a slight dip as U.S. stock futures rose following strong earnings from Microsoft. The tech giant's significant investments in artificial intelligence are reportedly starting to pay off, according to recent data.
S&P 500 futures saw a 0.2% increase, while Nasdaq 100 futures climbed by 0.4%. This growth follows a recent market correction, with Microsoft shares experiencing an 8% surge in premarket trading after its cloud division reported its highest growth rate in four years, all while effectively managing expenses.
This development aligns with market expectations, especially in contrast to Alphabet, which raised its spending outlook last week, raising investor concerns. Microsoft’s performance suggests that its AI investments are yielding real growth without increased costs.
