Microsoft‘s (Nasdaq: MSFT) conference call is over. Shares had nearly trimmed their losses during the call. Shortly before 6 p.m., they hit $535 per share, which is only slightly below Microsoft’s closing price of $541.55 in today’s trading.

Microsoft lowers AI software sales targets as clients hesitate to buy, highlighting tension between spending and usage. Nadella dismisses fully autonomous AI companies and emphasizes human agency. Stock falls despite strong performance and aggressive investments in AI and cloud infrastructure.

・Azure's constant-currency revenue growth was 39%. ・On Capex, CFO Amy Hood said, “Total spend will increase sequentially, and we now expect the FY'26 growth rate to be higher than FY'25.” ・Microsoft stock has gained 29% year to date, outpacing ...

Both Microsoft and Meta Platforms stuck to AI spending plans tonight – which was expected. However, their commentary was extremely ‘bullish’ and business results around AI continued to stand out. For example, Meta talked up their push into Agents ...