31
Jul
Microsoft released its Q4 earnings Tuesday afternoon, and the company grew its Azure cloud unit's revenue by 29%. That came in slightly shy of Wedbush analysts' expectations for 30% growth in this "most important metric." Shares dropped in postmarket trading.The results came as companies, including Microsoft, are under the spotlight as they spend heavily on artificial intelligence but are yet to show explosive sales growth from the relatively new tech. Microsoft has invested $13 billion in OpenAI; it also plans to obtain 1.8 million chips to grow its AI abilities.Earlier this month, Alphabet investors quizzed execs on the same topic…