Raymond James Bank: Microsoft's performance shows strong demand for artificial intelligence.

Rex Bank analyst Ipek Ozkardeskaya stated that, despite concerns about oversupply, the demand for artificial intelligence remains strong. Microsoft's Azure cloud computing business saw revenue growth of 35% year-on-year at fixed exchange rates in the third quarter, ending in March, surpassing analyst expectations of 31%. Ozkardeskaya said that the strong growth in the company's cloud business confirms that the demand for artificial intelligence remains robust.