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Microsoft Hit With $357B Shareholder Lawsuit Over Hidden Cloud Slowdown, Azure Growth Decelerates From 40% to 39%

GateNews
Stocks
On June 12, Microsoft Corp. was sued by a Michigan-based pension fund in federal court in Seattle over allegations that the technology giant concealed a slowdown in its Azure cloud business growth while rapidly increasing artificial intelligence expenditures. According to the lawsuit, Azure growth decelerated from 40% in the previous quarter to 39% in the January 2026 earnings report, with management projecting further cooling to 37%-38% in early 2026. The company's quarterly capital expenditure surged to $37.5 billion, a 66% year-over-year increase, substantially exceeding Wall Street's $34.3 billion estimate. The January earnings release triggered a 10% single-day stock decline that erased approximately $357 billion in market value. Despite the lawsuit announcement, MSFT stock gained 2.3% in Monday's afternoon trading.
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