Microsoft reports Q1 capex of $45.2B, up from $34.9B a year earlier and below its own $50B projection, and free cash flow of $18.6B, vs. $8.54B est. by analysts (Deborah Sophia/Reuters)

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Deborah Sophia / Reuters:
Microsoft reports Q1 capex of $45.2B, up from $34.9B a year earlier and below its own $50B projection, and free cash flow of $18.6B, vs. $8.54B est. by analysts — Microsoft (MSFT.O) surpassed expectations for quarterly cloud revenue on Wednesday, signaling that its hefty AI investments …

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