Скачать или смотреть Azure Softness + AI Capex = The Public Cloud’s New Problem

Why did Microsoft stock drop even after a headline beat? In this episode, cloud expert David Linthicum breaks down the market’s “beat-and-drop” reaction to Microsoft’s latest earnings and what it signals about Azure, AI, and hyperscaler spending. He explains how expectations for a clear cloud re-acceleration collided with guidance that sounded more like “we’re investing ahead of demand,” raising concerns about capital intensity and near-term margins. Linthicum walks through the optics around Azure growth, capacity build-outs for AI training and inference, and why investors are increasingly sensitive to capex without fast operating leverage.

The conversation also explores a structural shift in enterprise cloud choices—hybrid, private and sovereign cloud, colocation, and managed service providers—and how workload economics (egress, governance, and consumption creep) can make public cloud less attractive for steady-state compute. Finally, he balances the bear case with the bull case: Microsoft’s distribution advantage across Microsoft 365, security, and developer tools, and the possibility that today’s spend is strategic moat-building. If you want a clearer framework for reading cloud earnings, this video delivers. You’ll learn what metrics to watch next quarter, how to interpret “capacity constraints” versus demand, and where AI monetization may show up first in pricing, usage, and margins.

Bio

With over 30 years of experience in enterprise technology, David Linthicum is a globally recognized thought leader, innovator, and influencer in cloud computing, AI, and cybersecurity. He has authored over 17 best-selling books, over 7,000 articles, and 50 courses on LinkedIn Learning. He is also a frequent keynote speaker, podcast host, and media contributor on topics related to digital transformation, cloud architecture, AI, and cloud security.

Reference(s) for this video:


https://www.fool.com/investing/2026/0...


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