Despite Azure's growth and a 7% contribution from AI, Microsoft investors are uneasy over slow AI returns. The company's global revenue has steadily risen to $211.92B in 2023, while capital spending surged by 53% YoY to $13.64B.
In contrast, Alphabet's profits soared by 29% due to AI investments. Investors are eager for Microsoft to hasten revenue growth despite a 13% stock rise this year.
With Microsoft's personal computing business slowing down and a recent global outage linked to CrowdStrike software, the company's goal this week is to reassure Wall Street by showcasing substantial cloud revenue growth driven by AI.
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