Microsoft's Project xCloud was officially announced last October, with MSFT providing further details in March. Naturally, the two are being mashed together.

* 7 Momentum Stocks to Buy On the Dip Microsoft has 17 years of game console experience and that surging Azure cloud computing division. Even a smartphone or a tablet.Google may have been stealing the headlines for the past several years - and causing some consternation among MSFT investors over the possibility that Stadia might disrupt Xbox console gaming, but Microsoft has hardly been sitting still. Billed as 'the future of gaming,' Google Stadia leverages cloud computing hardware to let subscribers play high resolution, AAA PC video games in a browser on very modest hardware. The big one that everyone has been waiting for is Stadia, from Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google. The X-Factor: Project xCloudCloud gaming services have the potential to be one of the more interesting developments of 2019.

There's a good chance MSFT stock rises ahead of earnings in anticipation of big numbers. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company is expected to report Q1 2020 earnings on October 24, and analysts are looking for EPS of $1.24 compared to the $1.10 Microsoft delivered a year ago. With cloud computing becoming an increasingly important part of MSFT's game plan, Azure revenue was up 64% in the quarter. Earnings per share of $1.71 also topped expectations and blew past the $1.14 the company delivered in Q4 2018. Revenue of $33.7 billion handily beat analyst expectations. That's off from the final week of July and a few days in September, when Microsoft stock topped the $140 level - but up 34% from the start of the year.Source: Shutterstock With MSFT expected to report Q1 earnings on October 24, and Project xCloud expected to make its debut in October, is now the time to consider an investment in the high-flying tech company? Q1 Earnings Have the Potential to Boost MSFT StockIn July, Microsoft delivered strong Q4 results and a record fiscal 2019. And after closing at $136.33 yesterday, MSFT stock sits almost exactly where it did the day after those Q4 earnings.

The next earnings report for the trillion-dollar company is due in five weeks. When Microsoft (NASDAQ:MSFT) reported fourth-quarter and full-year earnings in July, the company impressed analysts and investors, blowing past estimates for both earnings and revenue.

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