Microsoft shares gain $200 billion in a single day

Microsoft added $224 billion to its market value in a single day, as its stock jumped 7.6% on Thursday to close at a three-month high.

These gains were supported by upbeat quarterly growth forecasts for its Azure cloud computing unit.

The company’s third-quarter results exceeded expectations, with adjusted earnings per share reaching $3.46, compared to expectations of $3.22.

Revenues reached $70.07 billion, compared to expectations of $68.42 billion.