Microsoft on Wednesday forecast that sales at its Azure cloud business would beat Wall Street estimates, and the software giant unveiled plans for 2026 capital spending of $190 billion, which also surpassed expectations.
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Big Tech’s race for AI dominance is intensifying, with investors rewarding companies that deliver standout growth. Some investors are growing more concerned Microsoft’s reliance on partners such as OpenAI may no longer guarantee an edge… [3581 chars]
Source: Reuters | Published: 2026-04-29T20:08:06Z
Credit: Reuters
