Andrei JikhANALYSTJul 7, 2026“Microsoft hides its unprofitable AI spending behind growing legacy businesses, and its reluctance to disclose AI revenue suggests the AI boom isn't delivering returns.”
Why he says it — point by point
FAVORABLE & AGAINST · BOTH KEPTWhy
Microsoft, Google, and Meta, and Amazon are all doing a funny little I don't want to call it a scam, but it's a a trick where because their other businesses are still growing, but they never disclose their AI revenues, everyone conflates that with AI driving their growth. In reality, their other businesses are growing and AI is losing them money across the board.
neither Microsoft or Amazon, who both share their run rate of AI, will share the actual AI revenues. That tells you that these companies are afraid.
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Publish-day price $$388.84 · the claim is anchored to the moment it was said.