Microsoft Is Dramatically Boosting AI Investments as It Races to Keep Up With Demand
1. Microsoft's capital expenditures increased to $34.9 billion, driven by AI demand. 2. Quarterly earnings surpassed estimates, with cloud revenue rising 28% year-over-year. 3. CEO projects doubling of data center footprint in two years for AI services. 4. Current-quarter revenue expectations are between $79.5 billion and $80.6 billion. 5. Despite strong earnings, shares fell 2% in after-hours trading.