Microsoft’s strong cloud growth and controlled spending lift S&P 500 and Nasdaq 100 futures, supporting Bitcoin’s stability near $64,000.
Bitcoin held near $63,900 on Thursday as U.S. stock futures rose following Microsoft’s earnings report, which signaled strong returns on AI investments. The tech giant’s cloud unit grew at its fastest pace in four years while maintaining spending discipline, easing investor concerns about runaway AI costs.
S&P 500 futures gained 0.2% and Nasdaq 100 contracts rose 0.4%, reversing earlier losses. Microsoft’s premarket surge of 8% contrasted with Alphabet’s recent spending increase, which had unsettled markets. The results reinforced confidence that AI capital expenditures are translating into growth.
Bitcoin’s movement mirrored the broader tech and AI trade, rather than crypto-specific factors, reflecting its correlation with risk assets.