October 29, 2026 3:12 PM
Microsoft’s cloud growth, cash flow offer respite from AI spending fears
Microsoft on Wednesday delivered a big cash flow beat and forecast strong cloud growth, offering fresh evidence that its hefty AI bets were paying off even as concerns mount over Big Tech’s spending spree. The results underscore a widening financial divide among the industry’s biggest AI spenders, as soaring infrastructure costs force some rivals to turn more heavily to capital markets. Microsoft’s shares rose more than 3% in after-hours trading. The company posted market-beating 48% gro...