ai infrastructure spending

Microsoft’s stock narrative has a rare crack: Stifel downgraded the company from Buy to Hold, slashed its price target from $540 to $392 and signalled that the market’s expectation for Azure-driven revenue acceleration may be overly optimistic given capacity constraints, steep AI infrastructure...

Microsoft is reportedly preparing another round of workforce reductions in January 2026, a development that — if confirmed — would extend a year-long cycle of restructuring that has already seen Microsoft cut thousands of roles while simultaneously pouring unprecedented capital into AI...