<ul><li>Microsoft reported $70.1 billion in revenue and earnings per share of $3.46, surpassing analysts' estimates in Q3.</li><li>The surge in Microsoft's stock by over 6% in after-hours trading was driven by strong demand in Cloud services and AI infrastructure.</li><li>Microsoft's focus on AI and Cloud services has been highlighted by CEO Satya Nadella as essential for business growth and innovation.</li><li>The company is aiming to balance ambition with discipline as it pulls back on data center expansion and revolutionizes AI-based ad revenue.</li></ul>

Microsoft stock surges after hours after the company blows past Q3 estimates

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