Microsoft cuts capex forecast on AI capacity delays
CFO Amy Hood cited delays in third-party capacity as Wall Street scrutinizes returns on AI spending.
ARCHIVED · 1 LEFT · 3 CENTER · 0 RIGHT · Oct 29, 1:18 AM
Business Insider and Financial Times describe the same event in different terms.
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4 sources · 2 bias buckets · Medium confidence
Still Watching. The left frames it as "Microsoft cuts capex forecast on AI capacity delays". The center frames it as "Microsoft blames data centre delays for lower capital expenditure".
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ARCHIVED SOURCES
CFO Amy Hood cited delays in third-party capacity as Wall Street scrutinizes returns on AI spending.
The week, the Windows developer said it would offer buyouts to 60,000 workers as it looks to curb costs.
Shares of Core Weave, Nebius and IREN fell as Microsoft's lower-than-expected capex figure points to infrastructure partners taking longer to deliver capacity.
Software group reports overall revenue rose 19% to $92.3bn in quarter to the end of September