Tag

#capex

3 stories · “capex”.

Aerial view of Microsoft's Redmond campus in Washington state, with office buildings, construction cranes, roads and pine forest beside Lake Washington.

Nov 1, 2026

Microsoft Borrows $25 Billion as the AI Buildout Moves Onto the Bond Market

Microsoft priced $25bn of bonds on 29 October, its first US dollar sale since 2017. Orders reached $115bn as the AI buildout moved onto credit markets.

By TPW Editorial8 min read

The Google sign at the company's 1600 Amphitheatre Parkway headquarters in Mountain View, California, with trees behind it.

Oct 30, 2026

Alphabet's Free Cash Flow Hit -$9 Billion and the Stock Had Its Worst Day

Alphabet's cloud revenue more than doubled and operating profit rose 30%, but $51.4bn of capex pushed free cash flow to -$9.1bn and the stock fell 13%.

By TPW Editorial9 min read

Aerial view of Microsoft's Azure data center campus at Pangborn in Wenatchee, Washington, showing a long white building, an electrical substation and dirt access roads.

Oct 29, 2026

Microsoft's Azure Grew 48% and Its 2027 Capex Bill Grew to $170 Billion

Microsoft beat estimates with $92.28bn revenue and 48% Azure growth, then guided calendar 2027 capex to $170bn as free cash flow fell 27% year on year.

By TPW Editorial9 min read