Azure Growth Shows AI Demand Still Outpacing CapacityMicrosoft reported fiscal fourth-quarter revenue of $90 billion, up 18% from a year earlier, while net income climbed 31% to $35.8 billion. Chief executive Satya Nadella said Azure had crossed the $100 billion annual revenue milestone, while Microsoft 365 Copilot surpassed 30 million paid seats. The guidance addressed a key concern among investors: whether hyperscalers were building too much AI infrastructure before customers were ready to pay for it. Microsoft's $41 Billion AI Investment Builds Against DemandRead more Nvidia Shares Slide as $750 Billion AI Deal Push Triggers Circular Financing Alarm Nvidia Shares Slide as $750 Billion AI Deal Push Triggers Circular Financing AlarmMicrosoft's artificial intelligence expansion has required record infrastructure spending. Microsoft Results Shift Debate Over AI SpendingThe earnings report came as investors have questioned whether the technology industry's AI infrastructure boom could deliver sufficient returns after years of rapid investment.