Big Tech
Microsoft Cloud Growth Constrained by Data Center Shortage
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Microsoft Corp. said its cloud-computing business will continue to grow slowly in the current quarter as the company struggles to build enough data centers to handle demand for its artificial intelligence products.
Revenue at the Azure cloud division will increase as much 32% in its fiscal third quarter, not much faster than it did during the last three months of 2024. The shares fell 6% to $415.79 at 9:33 a.m in New York on Thursday.