BUSINESSBUSINESS INSIDER
Microsoft blinked a little in the AI capex race. Wall Street loved it.
Microsoft maintained its 2026 AI capital spending plan at $175 billion while competitors like Google, Amazon, and Meta increased theirs. Despite rising memory chip costs, investors praised the decision, leading to a 15% stock surge—the best single-day gain in nearly two decades.
Mentioned
Related Signal
Adjacent reporting
- Microsoft keeps capex forecast unchanged, becoming one of the first data center giants to hold the line on AI spending
- Wall Street recovers most of the prior’s day loss as Microsoft and many AI stocks rally
- Wall Street recovers most of the prior's day loss as Microsoft and many AI stocks rally
- Microsoft’s early AI lead has become a test of faith
- Microsoft lifts 2026 AI spend by $25 billion to cover component price rises
- Microsoft’s stock has biggest one-day gain since 2008, adding $480 billion in market value as cloud business booms