Earnings Results: Microsoft earnings top estimates, but stock falls as execs detail AI’s costs

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Microsoft Corp. easily topped profit and revenue expectations for its latest quarter, though its shares were moving more than 3% lower in extended trading Tuesday after the company discussed the year ahead.

The technology giant has won favor on Wall Street for its positioning in the artificial-intelligence revolution, though Chief Financial Officer Amy Hood said on Tuesday’s earnings call that “even with strong demand and a leadership position,” Microsoft’s MSFT “growth from our AI services will be gradual.” Microsoft’s AI…