The increase was attributed to positive updates from strategic partner OpenAI, including price cuts and plans for custom versions of the ChatGPT chatbot.
Microsoft’s investment in OpenAI and their partnership is seen as a positive for Microsoft’s Azure cloud infrastructure.
Analysts have a buy rating on Microsoft stock, highlighting the potential benefits of OpenAI’s growth.
Datadog indicated that clients are easing up on cost-saving projects, potentially impacting cloud monitoring software in Azure and other public clouds.
Amazon’s stock rose 2.13% but has not yet reached its record close from July 2021.