Microsoft keeps capital spending forecast unchanged, becoming one of the first data center giants to keep the cap on AI spending.0

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• July 29, 2026

Microsoft kept its capital spending forecast unchanged on Wednesday, becoming one of the first data center giants to maintain control of the industry’s rampant AI spending. Shares rose about 8% on the news. Earlier this year, the company said it planned to spend $190 billion on capital expenditures this calendar year. On Wednesday’s earnings call,