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Microsoft on Tuesday announced a deal with Halliburton to provide machine learning, augmented reality and internet of things technology to the oil and gas industry. Microsoft Corp. (MSFT) and Halliburton Co. (HAL) did not disclose terms of the arrangement in a news release . The Redmond-based company is "not your father's Microsoft anymore," Nemeroff wrote in a research note .
Supporting the cloud needs of millions of businesses and billions of consumers doesn't come cheap.
Tech companies are leading the market higher on Tuesday as stocks bounce back from a recent selloff.