At the core of Microsoft’s growth story is its massive investment in infrastructure. Microsoft is optimizing efficiency through what it calls “tokens per watt per dollar,” which focuses on lowering costs while scaling performance. The company is also diversifying its hardware stack by combining chips from Nvidia (NVDA) and AMD (AMD) with its own custom silicon, like the Maya and Cobalt series, improving both performance and cost efficiency.Financially, the company remains very strong. Revenue increased 17% ...