capex trends

Microsoft’s pivot from a software‑first company into a cloud‑and‑AI platform heavyweight is no longer theory — it’s measurable in revenue mix, unit economics, and capital intensity — and the Seeking Alpha thesis that Microsoft’s Azure and AI businesses provide stability backed by structural...

The hyperscalers’ latest earnings season made one thing unmistakably clear: the cloud wars have moved from software and service differentiation into an industrial contest for physical capacity — racks, substations, and accelerators — and the numbers in capex and cloud revenue are the clearest...