Analyst: Microsoft's AI development will put pressure on Azure's near-term growth

金色财经_ · 2026-04-03T23:48:53+00:00

TD Cowen analysts point out that Microsoft is developing cutting-edge AI models expected to be launched in 2027, which will consume a large amount of computing power and limit Azure business growth. Microsoft's CFO stated that computing power will be prioritized for internal R&D, which is expected to impact the current fiscal quarter outlook. Analysts believe that once the demand for computing power eases, it may be reallocated to Azure around 2027.

金色财经_

2026-04-03 23:48:53

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Jinse Finance reported that on April 4, analysts from TD Cowen wrote in a report that Microsoft is developing its own cutting-edge AI model, aiming to launch it in 2027. This will require a large amount of computing power, which may limit the company’s Azure business growth outlook. They noted that Microsoft’s chief financial officer has already said that computing resources will be prioritized for internal R&D, and that this shift may already be reflected in Microsoft’s outlook for the current quarter. These analysts wrote, “We do indeed believe this will limit the upside potential and the ability to re-accelerate Azure growth.” They expect that once the demand for computing power needed to train the new model starts to ease, computing capacity could be reallocated back to Azure by mid-2027.

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