Microsoft Corp. said it will spend more than $30 billion in the current quarter to build out the data centers powering its artificial intelligence services.Investors, applauding accelerating growth in the company’s cloud-computing unit,

Microsoft's Azure cloud-computing business delivered another quarter of blockbuster growth on Wednesday, powering revenue above Wall Street's expectations and showcasing the growing returns on its massive artificial intelligence bets.

Microsoft (NASDAQ: MSFT) shares jumped more than 6% in after-hours trading Tuesday after the tech giant reported fourth-quarter results that exceeded Wall Street expectations, driven by booming demand for cloud and