Microsoft's Massive AI Spending Is Paying Off. Its Stock Is Soaring

Source: International Business Times

The company reported quarterly results that showed its Azure cloud business accelerating to its fastest growth rate in four years, helping reassure investors that AI data centers are translating into higher revenue. Getty Images Microsoft's massive investment in artificial intelligence infrastructure appears to be paying off, easing investor concerns that the tech giant was spending too aggressively without generating enough returns. The company reported quarterly results Wednesday that showed its Azure cloud business accelerating to its fastest growth rate in four years, helping reassure investors that billions of dollars spent on AI data centers are translating into higher revenue.