Microsoft keeps capex forecast unchanged, becoming one of the first data center giants to hold the line on AI spending
Microsoft held its AI capex forecast steady, sending its shares surging. Last week, Google raised its capex projection again.Microsoft is one of the first tech giants to step away from the ever-rising AI capex spending spree.Microsoft kept its capex forecast unchanged on Wednesday, becoming one of the first data center giants to hold the line on the industry's runaway AI spending spree.The stock surged about 8% on the news.
Reported by 1 outlet — Business Insider. See all sources ↓
Microsoft held its AI capex forecast steady, sending its shares surging. Last week, Google raised its capex projection again.Microsoft is one of the first tech giants to step away from the ever-rising AI capex spending spree.Microsoft kept its capex forecast unchanged on Wednesday, becoming one of the first data center giants to hold the line on the industry's runaway AI spending spree.The stock surged about 8% on the news. Earlier this year, the company said it planned to spend $190 billion on capital expenditures this calendar year.On Wednesday's earnings call, Microsoft kept this spending forecast steady. Due to an accounting change, this capex guidance is now $175 billion.
Read the full report at Business Insider ↗
Why it matters
A economy story we're tracking; its significance and source trust firm up as more outlets confirm it.
- What's the story?
- Microsoft held its AI capex forecast steady, sending its shares surging. Last week, Google raised its capex projection again.Microsoft is one of the first tech giants to step away from the ever-rising AI capex spending spree.Microsoft kept its capex forecast unchanged on Wednesday, becoming one of the first data center giants to hold the line on the industry's runaway AI spending spree.The stock surged about 8% on the news.
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 4m ago.
How outlets are framing the same story
Here's how each outlet is covering the story — compare their headlines and timing at a glance.
- Coverage card1 outlet1CoverageScouting report
Microsoft keeps capex forecast unchanged, becoming one of the first data center giants to hold the line on AI spending
Sources1TypeCoverageBusiness Insider