Microsoft and Google hold back capex forecasts as AI buildout hits delays
AIMicrosoft cut its 2026 capex forecast to $170 billion from $175 billion, and Alphabet held guidance at $195 billion to $205 billion, both below analyst estimates. Microsoft said third-party GPU providers face delays pushing some capacity to the first half of 2027, while Alphabet's free cash flow was negative by more than $9 billion.
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The report ties Microsoft and Alphabet's lower capex figures to delayed neocloud capacity and financing strains, showing how supplier constraints affect the broader AI infrastructure buildout.
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CNBC · Technology · cnbc.comPublished · added here
Original title: AI buildout hits snag as Google and Microsoft put off raising capex forecasts