Swissquote Bank analyst Ipek Ozkardeskaya said that Microsoft's third-fiscal quarter data showed that demand for artificial intelligence was still strong despite concerns about oversupply. Microsoft's Azure cloud computing business revenue for the quarter ending the end of March increased 35% year-on-year at a fixed exchange rate, higher than analysts' expectations of 31%. Ozkardeskaya said the strong growth in the company's cloud business confirms that demand for artificial intelligence remains steady.

Swissquote Bank analyst Ipek Ozkardeskaya said that Microsoft's third-fiscal quarter data showed that demand for artificial intelligence was still strong despite concerns about oversupply. Microsoft's Azure cloud computing business revenue for the quarter ending the end of March increased 35% year-on-year at a fixed exchange rate, higher than analysts' expectations of 31%. Ozkardeskaya said the strong growth in the company's cloud business confirms that demand for artificial intelligence remains steady.