Above the clouds: Microsoft shares gain $35 billion, soaring to all-time high

By Nick Wingfield, Anya George Tharakan and Jeffrey Dastin
Updated October 21 2016 - 5:14pm, first published 1:48pm
Cloud computing - storing and accessing data and programs over the Internet instead of a computer's hard drive - is seen as the future of Microsoft. Photo: Karl Hilzinger
Cloud computing - storing and accessing data and programs over the Internet instead of a computer's hard drive - is seen as the future of Microsoft. Photo: Karl Hilzinger

Microsoft has staked its future on cloud computing, the next big technology wave for companies, and it's starting to look like a good bet.

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