Microsoft (MSFT) reports earnings July 29, with investors focused on whether its massive AI investments are paying off. In this Tech Corner, George Tsilis breaks down expectations for Azure, Copilot, and Microsoft's rapidly expanding AI business, as Wall Street looks for signs that rising cloud revenue will justify all the spending. George also examines the key risks heading into earnings, including margin pressure from record capital expenditures, slowing cloud growth, and the stock's weak technical trend.