On the October 28 fiscal Q1 2027 earnings call, Microsoft CEO Satya Nadella dismissed growth that relies on a handful of customers buying large amounts of capacity as not a real business, without naming any company. After hours, CoreWeave (CRWV) fell 4.43%, Nebius Group (NBIS) dropped 5.12%, and Microsoft (MSFT) rose 2.41%. Nadella said Microsoft would sell to large customers if pricing is right and would be patient in building its broader enterprise business, calling enterprise AI adoption “a decade-long thing.” Azure revenue grew 48%, total revenue reached $92.28 billion, and non-GAAP EPS of $4.89 beat the $4.72 estimate. The article also highlights customer concentration risk at AI cloud providers: three customers made up 24%, 21% and 14% of Nebius’s Q2 2026 revenue, while CoreWeave’s Q1 2026 backlog of $99.4 billion included a $21 billion commitment from Meta.
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MSFTCoreWeavecloud computingearnings
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MSFT
• NeutralMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/29/2026 | 530.43 |
| Change that session | -0.11% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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