Microsoft Forecasts Strong Azure Growth and Announces Record Capital Spending
Microsoft expects its Azure cloud business to grow by 39% to 40% in the fiscal fourth quarter, surpassing Wall Street estimates. The company also announced capital spending of $190 billion for 2026, exceeding analyst forecasts. Despite the positive outlook, Microsoft shares remained flat following a prior decline, while rival Google saw stronger cloud growth and a significant stock rise.
Topics: AI Azure Capital Spending Cloud Growth Competitive Landscape Google Cloud Microsoft