Microsoft (MSFT) came out with quarterly earnings of $3.23 per share, beating the Zacks Consensus Estimate of $3.11 per share. This compares to earnings of $2.93 per share a year ago. These figures are adjusted for non-recurring items.

Microsoft announced new Surface Pro and Surface Laptop devices for businesses running on Intel Core Ultra series 2 processors — the first Surface Copilot+ PCs to use the chip giant's "Lunar Lake" architecture.

For business buyers, last year's opening salvo of AI-ready PCs was a nonstarter due to compatibility issues with Qualcomm's processors. Those Surface Pro and Surface Laptop devices will soon be available with Intel's Lunar Lake processors.

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