Microsoft keeps capex forecast unchanged, becoming one of the first data center giants to hold the line on AI spending

Microsoft CEO Satya Nadella. Sven Hoppe/picture alliance via Getty Images Microsoft held its AI capex forecast steady, sending its shares surging. Last week, Google raised its capex projection again. Microsoft is one of the first tech giants to step away from the ever-rising AI capex spending spree. Microsoft kept its capex forecast unchanged on Wednesday, becoming one of the first data center giants to hold the line on the industry's runaway AI spending spree. The stock surged about 8% on...