Microsoft Reports Strong Q3 Earnings but Shares Fall Amid Increased AI Spending Forecast
Microsoft reported Q3 earnings that exceeded forecasts, with AI revenue reaching a $37 billion annual run rate. However, shares fell as the company announced a significant increase in AI spending, projecting $190 billion in capital expenditures for 2026. Despite strong financial results, the stock dropped over 5% due to concerns about capacity constraints and high spending.
Tickers: $MSFT
Topics: AI spending capital expenditures Microsoft Q3 earnings stock price movement