AI buildout hits snag as Google and Microsoft put off raising capex forecasts

Microsoft and Alphabet released earnings reports on Wednesday that diverged from recent trends of escalating capital expenditure forecasts among technology giants. Microsoft revised its yearly capex guidance downward to $170 billion from an earlier projection of $175 billion. Alphabet maintained its capex range at $195 billion to $205 billion, holding its prior guidance steady.
The reported figures triggered market reactions, particularly affecting emerging cloud infrastructure providers. Share