Nvidia Corp. NVDA shares jumped more than 2.5% in after-hours trading Tuesday after Microsoft Corp. MSFT executives detailed increased spending on equipment needed to offer artificial-intelligence-powered features to corporate customers. Microsoft reported much higher capital expenditures than expected in its fiscal third-quarter earnings Tuesday afternoon, and executives said in a conference call that they expect the total to grow in the current quarter. “We will continue to invest in our cloud infrastructure, particularly AI-related spend, as we scale to the growing demand driven by customer transformation,” Chief Financial…
This article was originally published by Marketwatch.com. Read the original article here.
