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Azure Growth Slows, Fueling Investor Concerns Over AI Spending
📅 - Microsofts cloud business, a key driver of its artificial intelligence strategy, is showing signs of stagnation, sending ripples through investor sentiment. The companys stock fell 4.5% in after-hours trading following its fiscal second-quarter earnings report, which revealed slower-than-expected growth in its Azure cloud division.
While Microsoft exceeded overall revenue expectations, Wall Street remained unconvinced that the companys multi-billion-dollar AI investments were yielding the returns necessary to justify continued high spending.
Despite a 12% year-over-year revenue increase to $69.6 billion - surpassing analysts predictions of $68.9 billion - Azures performance fell short [...][... Check source for end of article ...]
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📅 - Microsofts cloud business, a key driver of its artificial intelligence strategy, is showing signs of stagnation, sending ripples through investor sentiment. The companys stock fell 4.5% in after-hours trading following its fiscal second-quarter earnings report, which revealed slower-than-expected growth in its Azure cloud division.
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