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Stocks climb as Amazon, Microsoft results reignite AI trade, yen swings

Malaysia Times desk Original: New Straits Times↗ 7/31 19:44 X

Photo: New Straits Times

BENGALURU: Global stocks rallied on Friday as robust results from Amazon and Microsoft reassured bruised investors to return to the AI trade, while currency traders stayed alert to intervention a day after Japanese authorities likely stepped in to prop up the yen.

From the original report

The yen abruptly strengthened against the dollar before giving back the gains, with traders alert to the prospect of a second round of intervention. The dollar briefly fell against the yen but soon rebounded to trade at 159.94 yen.

Meanwhile, investor worries that the AI rally may soon run out of steam eased after Microsoft's earnings on Wednesday, when it forecast generating cash throughout fiscal 2027.

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About this story

Source: New Straits Times
Originally published: Jul 31, 2026
Updated here: Aug 15, 2026
Produced by: Malaysia Times desk (brief) — reporting by the source
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Stocks climb as Amazon, Microsoft results reignite AI trade, yen swings

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