Investors are starting to get jittery about the cost of Microsoft’s push to persuade enterprise customers to adopt expensive generative AI applications and agents.
While the company announced strong quarterly numbers on Wednesday, beating analyst forecasts for both revenue and profit growth, the company’s shares were down close to 6% on Thursday as investors fretted over slightly slower-than-expected growth in its Intelligent Cloud segment, and perhaps more important, sharply rising operating expenses in that segment.
