Xin Lang Cai Jing·2026-01-28 23:56Group 1 - Microsoft's stock price has significantly dropped due to soaring expenditures reaching a historical high, while cloud business sales growth is slowing, raising investor concerns about the potential delay in returns from AI investments [2][4] - Capital expenditures for the second fiscal quarter reached $37.5 billion, a 66% increase year-over-year, exceeding analyst expectations of $36.2 billion [3] - Azure's revenue growth for the quarter was 38% after adjusting for currency fluctuations, barely meeting analyst expectations, but this growth rate has slowed compared to the previous quarter [3] Group 2 - The company's stock fell approximately 7% in after-hours trading, closing at $481.63 during regular trading hours [4] - Total quarterly revenue increased by 17% to $81.3 billion, with earnings per share at $5.16, primarily driven by investment gains from OpenAI, which contributed $1.02 to earnings per share [4] - Analysts had previously estimated revenue at $80.3 billion and earnings per share at $3.92 [5]