Microsoft shares staged a sharp rebound after management revised its 2026 capital expenditure guidance down from $190 billion to $175 billion, a technical adjustment tied to new lease accounting treatment. The stock surged 15.5 percent in a single session, which Yahoo Finance reported as the largest one-day gain in market value in exchange history. Shares have since climbed 25.41 percent over the past week and 26.51 percent on a monthly basis. In New York, the stock closed Tuesday at $492.81, adding roughly $450 billion to market capitalization in one trading day. German-listed shares traded nearly flat Wednesday at 427.40 euros, with a weekly gain of 25.36 percent. The fiscal fourth quarter, ended June 30, delivered revenue of $90.0 billion, up 18 percent year over year. Operating income rose 18 percent to $40.6 billion, net income climbed 31 percent to $35.8 billion, and GAAP earnings per share reached $4.81. Full fiscal year revenue was $331.8 billion with net income of $133.7 billion. The company repurchased $10.2 billion of stock during the quarter. Microsoft Cloud revenue grew 27 percent to $59.3 billion, with Azure growth quickening to 43 percent, pushing Azure's annual revenue past the $100 billion threshold. Commercial backlog ballooned 84 percent to $678 billion. Annualized AI revenue is running at $