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  • Info
304 - Breaking Analysis - Microsoft Q2 '26 - Investors Fret as CAPEX & Azure Growth Decouple.mp4
January 31, 2026
In the latest Breaking Analysis, Dave Vellante takes a clear-eyed look at Microsoft’s Q2 2026 earnings and asks the question investors are really wrestling with: if the numbers look good, why the selloff? He cuts straight to the tension between rising capital spend and slowing Azure growth — and why that gap is rattling markets.

Vellante breaks down theCUBE Research view on Microsoft’s capex surge and what it signals about AI economics. He pulls threads from Satya Nadella’s earnings call, unpacking how AI infrastructure weighs on margins and why conc...
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