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

Microsoft maintained its capital expenditure forecast at $175 billion for 2024, signaling a pause in the AI spending surge seen among data center giants. This contrasts with peers like Alphabet and Tesla, who have raised their capex projections despite investor concerns about returns. Microsoft's decision reflects a cautious approach amid a broader industry trend of escalating AI infrastructure investments.