Investors appear relieved that capital expenditures came in below expectations, and its plans for 2026 were unchanged. What happened: Microsoft (MSFT) surged more than 9% in premarket trading on Thursday. What's behind the move: The software and cloud giant reported fourth quarter earnings on Wednesday that beat Wall Street's estimates on the top and bottom lines as its Azure service topped $100 billion in revenue for the first time. Microsoft said it spent $41 billion on capital expenditures, including lea ...