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Microsoft reports stronger-than-expected earnings as it ramps up capital spending
- Microsoft reported stronger-than-expected Q1 earnings as cloud computing grew.
- Q1 capital spending reached $20 billion, focusing on data centers and AI projects.
- Microsoft Cloud revenue rose 22% from a year earlier to $38.9 billion.
- Investors have been tracking Microsoft's spending on AI, while concerns about returns on AI investments persist.
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