Cramer Praises Microsoft's Improved Cloud Revenue Transparency
On Thursday, the S&P 500 rose and Treasury yields declined as investors anticipated a potential pause in Federal Reserve rate hikes. Fed Governor Christopher Waller suggested he would support holding rates steady unless inflation data surprises, reducing market expectations of a September hike to around 50%. Jim Cramer highlighted how bond movements influence stock performance. Microsoft shares gained over 3% after the company began disclosing quarterly revenue for its Azure cloud business—a move toward greater transparency. This change is part of Microsoft's broader restructuring from three operating segments down to two, with a focus on cloud and consumer products. Cramer praised this shift as positive progress following his recent concerns about unclear financial reporting. Broadcom shares fell over 4% despite beating third-quarter expectations due to weaker-than-expected guidance for the fiscal fourth quarter of 2026. While Broadcom raised its AI revenue forecast, market sentiment remained cautious. Cramer noted he had reduced his position in the stock but would consider buying back at $310 per share.
Topics: Azure cloud revenue reporting Broadcom earnings Federal Reserve interest rates Microsoft S&P 500 Treasury yields