Microsoft's CFO Amy Hood highlighted a forecasted Azure growth rate of 31% to 32%, slightly under analyst expectations, due to capacity constraints affecting AI contributions.
CEO Satya Nadella mentioned that while demand for AI surged rapidly, it's been challenging to build out the necessary data center capabilities to meet this growth.
Nadella emphasized that the top AI products currently run on Microsoft platforms, but indicated that power shortages and data center construction timelines are impacting growth.
He remains optimistic about matching supply and demand as AI capacity increases in the second half of the year, despite acknowledging ongoing building challenges.
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