TRENDING · US
Microsoft signals sustained AI capex despite market skepticism on returns
Microsoft raised FY2027 capital spending guidance and changed accounting for data centers, posting 7% stock jump. Move signals confidence in AI infrastructure ROI as competitors face investor pressure on costs.
WHY IT MATTERS
Sets expectations for sustained trillion-dollar AI buildout; capital markets will now price AI-as-capex-sink into infrastructure stocks, shaping M&A and vendor consolidation for 18 months.
Source: CNBC · 2026-07-30