Microsoft’s latest fiscal Q4 2025 earnings call has set a new bar for ambition, innovation, and risk as the company positions itself at the very heart of the AI, cloud, and quantum technology revolutions. The numbers themselves—record-breaking as they were—only form a backdrop for a sprawling narrative, with management unveiling plans for relentless capital investment, historic infrastructure expansion, and advances in AI and quantum that aim to reshape not just Microsoft but the entire...