Azure Growth Hinges on Microsoft's Free Cash Flow

Microsoft's stock price is nearing its all-time high of $549.20 due to strong revenue growth from its Azure cloud computing platform and AI partnerships.

However, rising capital expenditures have slowed down free cash flow growth, creating uncertainty about the stock's next move.

Investors are closely watching if Azure revenue growth will outpace capital expenditures and if free cash flow will rebound in the coming quarters.