Microsoft Azure surpasses $100B in annual revenue for the first time, driven by 40% YoY growth and AI demand with implications for crypto

Microsoft’s Azure grew 43% and passed $100bn for the year, its backlog hit $678bn, and the stock rose 2%. But AI capital spending keeps climbing.

July 29 : Microsoft topped Wall Street estimates for quarterly cloud revenue growth on Wednesday, a sign its massive spending on AI infrastructure was paying off as capacity…

Capex spending? What? Me worry?