Microsoft (MSFT) announced Q2 earnings, surpassing expectations with an adjusted EPS of $2.93 on revenue of $62 billion, beating estimates of $2.78 EPS on $61.1 billion revenue. Despite the positive results, the stock dipped 1% in premarket trading. Notably, cloud revenue reached $33.7 billion, exceeding the $32.2 billion estimate. The Intelligent Cloud business, including Azure, reported $25.8 billion versus the expected $25.3 billion, with AI contributing significantly. Microsoft CEO Satya Nadella highlighted the integration of AI across their tech stack. Microsoft's market cap surpassed $3 trillion, making it the world's wealthiest company, surpassing Apple. The Productivity and Business Processes revenue reached $19.25 billion, slightly ahead of the $19.03 billion estimate, while the More Personal Computing business generated $16.89 billion. The company is focused on scaling AI applications to benefit diverse sectors.