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Microsoft Adds US$450bn in One Day; Evolution Mining Takes Over Carnaby
Microsoft Azure's 43 per cent revenue surge pushed the company's shares up 16 per cent, adding nearly US$450bn in market value in one session.
Why it mattersMicrosoft's result punched through the argument that AI capital spending cannot justify tech valuations, resetting sentiment across global markets in a single day. Closer to home, the Carnaby deal shows that higher copper prices are converting previously shelved Australian projects into live takeover targets for major miners.
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