Steve MillerANALYSTJul 31, 2026“MSFT is a clear AI-compute winner — Azure's fastest growth in 16 quarters and hundreds of billions in capex with payback support new highs.”
Why he says it — point by point
FAVORABLE & AGAINST · BOTH KEPTWhy
their Azure cloud actually re-accelerated. The highest quarterly growth in 16 quarters for their for their cloud really affirming to investors, you know, all of this hundreds of billions of dollars of spend you know, may in fact be warranted.
Would not be surprised at all to see new highs in time here in MSFT based on this overall structure that we are looking at.
Names like MSFT, Amazon are clear winners right now as they have obviously been spending hundreds of billions of dollars um really building out the AI infrastructure that they see as you know, huge opportunities. And they're starting to see, as we saw in their earnings, they're starting to see payback already.
The structured call
The receipt
Publish-day price $$390.54 · the claim is anchored to the moment it was said.