Microsoft posted its fiscal fourth-quarter results after Wednesday's closing bell. Investors will be focused on cloud growth, spending plans and monetization of AI tools like Copilot.

In the last five years, Microsoft’s stock has displayed a slight inclination towards negative one-day returns following earnings announcements.

Microsoft stock surged on better-than-expected financial results for its latest quarter and strong guidance. The beat was driven in part by double-digit revenue growth in the tech firm’s closely watched Azure cloud business.