The company’s stock is down 24% in the first quarter, on pace for its biggest loss since its 27% drop in the fourth quarter of 2008. The company’s capital expenditures, including leases, are projected to reach US$146 billion (RM584 billion) in fiscal 2026, which closes at the end of June. That’s up about 66% from US$88 billion fiscal 2025, and the figure is expected to swell to US$170 billion in fiscal 2027 and US$191 billion in fiscal 2028, according to the average of estimates compiled by Bloomberg. In its most recent quarterly results, Microsoft’s closely watched Azure cloud-computing division posted a slight deceleration in growth from the prior quarter. To Reitzes, the preponderance of buy ratings on the stock reflects complacency on the part of his Wall Street rivals.

Source: The Edge Markets March 27, 2026 11:48 UTC