Wall Street analysts who follow tech and cloud computing were all but popping Champagne on Wednesday.

Microsoft had reported stellar financial results and strong growth that could be connected to artificial intelligence. After the market closed, extended-hours trading shot Microsoft’s share price up by as much as 9%. The next day, Microsoft was briefly valued at $4 trillion. (Though, as all good celebrations do, the rally ended on Friday as Microsoft’s share price fell by almost 2%.)

For Microsoft CEO Satya Nadella and Chief Financial Officer Amy Hood, during a Wednesday call with analysts, almost every question began with some sort of congratulations.

I’ve been covering Microsoft for a while and I don’t think I’ve ever seen a quarter where everything came together this well,” said Keit

See Full Page