Azure, Xbox and Outlook Suddenly Went Down
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Microsoft Corp. (MSFT) shares fell nearly 4% in extended trading after the company disclosed record capital expenditure of $35
Microsoft analysts highlight the long-term potential for the company's cloud and AI growth after a double beat in the first quarter.
Microsoft's AI infrastructure spending to meet growing cloud services demand is outpacing Wall Street expectations, deepening investor fears about the costs of sustaining the boom.
Microsoft reported revenue and profits ahead of analysts' expectations, with Azure revenue growth climbing to 40% as the company continued to grapple with the effects of a widespread cloud outage.