A Look At Microsoft’s Valuation As AI Growth Meets A US$190b Capex Plan

AI summary

Microsoft’s earnings beat meets cautious market reaction Microsoft (MSFT) just reported quarterly revenue of US$82.9b, with Azure up 40% and AI revenue at a US$37b annual run rate. However, the stock fell after management outlined a US$190b AI focused capex plan for 2026. See our latest analysis for Microsoft. Despite strong cloud and AI results, Microsoft’s recent earnings sparked a 3.9% one day share price decline and contributed to a year to date share price return of a 13.78% decline...