By Alex Sirois
Publication Date: 2026-10-22 11:15:00
Microsoft keeps raising its dividend, growing Azure at record pace, and pouring tens of billions into data centers every quarter. The question is whether that spending builds an unbreakable lead or sets up a very expensive stumble.
I added to my Microsoft (NASDAQ:MSFT | MSFT Price Prediction) position again. Every earnings report gives me one more reason to buy. I hold it for retirement and I collect a dividend that keeps rising. I also watch management put cash into an AI infrastructure lead that I expect rivals to struggle to match before 2030.
Why I Keep Coming Back to the Buy Button
My thesis is simple. Microsoft is turning its capital spending into a toll road. The money that goes into data centers, chips, and models feeds products that enterprises already pay for every month. The company spent $115.95 billion on capex in fiscal 2026. Management expects spending to grow again in fiscal 2027, starting with over $50 billion in the first quarter alone. Competitors have to match…
