Microsoft earnings: Cloud underperforms, capex reaches $19bn
Microsoft is placing its bets on AI
Microsoft is placing its bets on AI
Company doubles down to meet expected generative AI demand
Lowest growth on record after pandemic boom
The cloud race is still very much underway
But don't worry, the company had a record quarter
Covid-19 causes expected Azure surge, some of which might lead to "systemic structural changes"
And its cloud profit margins increases