Microsoft on Wednesday forecast that sales at its Azure cloud business would beat Wall Street estimates, and the software giant unveiled plans ‌for 2026 capital spending of $190 billion, which also surpassed expectations.

After the forecast, Microsoft shares were even with ​their close, rebounding from a fall of more than 2% in extended trading after quarterly results showed only a ⁠modest increase in cloud revenue growth. Rival Google reported a stronger rise in cloud growth and Alphabet shares surged more than 4% after hours.