Microsoft Holds AI Capex Steady as Chip Costs Rise, Markets Cheer
TL;DR Summary
Microsoft kept its 2026 AI data-center capex forecast unchanged despite higher memory-chip prices, a cautious stance that nonetheless sent its stock higher as investors rewarded a returns-focused approach boosted by Azure growth and Copilot adoption, even as rivals lift their AI budgets.
- Microsoft blinked a little in the AI capex race. Wall Street loved it. Business Insider
- Microsoft's stock rockets more than 15% for largest single-day jump in history Yahoo Finance
- Why is Microsoft stock soaring? ABC News - Breaking News, Latest News and Videos
- Goldman Says Microsoft Shows Wall Street How AI Bet Pays Off Bloomberg
- Microsoft Posts Biggest One-Day Market-Cap Gain for Any U.S. Company WSJ
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