Tech giant Microsoft Corp. (NASDAQ:MSFT) had a blowout fiscal first-quarter performance, as demand for its cloud and AI services continued to accelerate, with commercial bookings and backlog both hitting record highs.MSFT stock is struggling to find support. Stay ahead of the curve here.Backlog Surges 51%The company’s commercial remaining performance obligations hit a new record, at $392 billion, up 51% year-over-year, driven by unrelenting demand across core AI and cloud products. According to CFO Amy Hood ...