Satya NadellaA strong end to its current fiscal year kept Wall Street happy with Microsoft, despite a 70% year-on-year increase in CapEx to fund AI infrastructure expansion. Total Q4 revenue of $89.5 billion dollars was up 17% year-on-year, while net income rose 24% at $27.2 billion. Revenue from Microsoft Cloud grew 27% to $56.5 billion dollars, within which Azure revenue was up 39%. CapEx spendIn terms of the CapEx to fund AI infrastructure growth, spend for the quarter hit $41 billion, roughly two-thirds of which went on ‘short-lived assets’, primarily CPUs and GPUs. Since the start of the year, we have seen 5x increase in the number of customers building with models from multiple providers.