Why Microsoft stock dropped after earnings

But right now, we got to pivot back to Microsoft because those shares, as I pointed out, are falling sharply by more than 11% as the company's capex spending plans spook investors despite the fact they topped second quarter earnings estimates. Joining me now is Rishi Gerria, RBC Capital Markets managing director of software. Rishi, it's good to see you and hopefully you can sort of walk us through what's going on here because I find it really interesting that sometimes investors hate more spending and somet ...