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Top related persons:
Amy Hood - 2 Jensen Huang - 1 Satya Nadella - 1 Microsoft's capex - 1 Karl Keirstead - 1 Morgan Stanley - 1 Joseph Moore - 1 Moore - 1
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Bellevue , Washington
Top related orgs:
Nvidia - 2 Microsoft - 2 Nvidia Corp - 1 Blackwell - 1 Technology - 1 AMD - 1 UBS - 1 OpenAI - 1

Search resuls for: "Microsoft's capex"


2 mentions found


☆ Nvidia shares soar 11% after Microsoft quells fears that AI buildout is too fast
  + stars: | 2024-07-31 | by ( Kif Leswing Katie Bartlett | Kif Leswing | Katie Bartlett | ) www.cnbc.com   time to read: +2 min
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. Nvidia shares popped more than 11% Wednesday after remarks from top customer Microsoft and rival chipmaker AMD signaled there wouldn't be a slowdown in the multibillion-dollar buildout of AI servers based around GPUs. Microsoft CEO Satya Nadella and finance chief Amy Hood said Tuesday the company plans to spend even more on Nvidia-based infrastructure next year. Microsoft spent $19 billion on capital expenditures during the fiscal fourth quarter, with about 60% on hardware. Nvidia has been the primary beneficiary of the AI boom.
Persons: Jensen Huang, Satya Nadella, Amy Hood, Microsoft's capex, Karl Keirstead, Morgan Stanley, Joseph Moore, Moore, Blackwell, Blackwell ramping Organizations: Nvidia Corp, Blackwell, Nvidia, Technology, Microsoft, AMD, UBS
☆ Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending
  + stars: | 2024-04-25 | by ( Jordan Novet | ) www.cnbc.com   time to read: +2 min
In its earnings report on Thursday, Microsoft said capital expenditures jumped 79% from a year earlier to $14 billion. "We do have demand that exceeds our supply by a bit," Microsoft CFO Amy Hood told analysts on the company's earnings call. During the fiscal third quarter, revenue in Microsoft's Azure cloud rose 31%, with 7 percentage points from AI. Microsoft intends "to scale to meet the growing demand signal for our cloud and AI products," she said. WATCH: Microsoft's capex increase for AI infrastructure is not a surprise, says Deepwater's Gene Munster
Persons: Amy Hood, Hood, Deepwater's Gene Munster Organizations: Microsoft, OpenAI, Nvidia, Amazon Web Services Locations: Bellevue , Washington
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