Microsoft drops amid slowing cloud growth, record spendingBloombergMicrosoft Corp’s spending surged to a record high and cloud sales growth slowed, sending the shares down sharply amid investor concerns that it could take longer than expected for the company’s artificial intelligence (AI) investments to pay off. The company expects Azure sales to rise 37 percent to 38 percent in the current quarter. A Microsoft Corp sign and logo are pictured at the company's headquarters in Redmond, Washington, on April 4 last year. Had all of the new capacity gone toward Azure, the growth rates would have been notably higher, she said. Analysts had expected sales of US$80.3 billion and per-share earnings of US$3.92.
