From custom chips to cloud delivery to enterprise apps, Microsoft controls the stack in ways competitors do not, and with operating margins expanding and cash flows surging, Microsoft is doubling down on GPUs, data centers, and talent — betting big that AI remains its unstoppable growth engine.With a 27% stake in OpenAI and a $4T valuation, Microsoft has morphed into an AI infrastructure giant, powering the future of work and creativity.Microsoft is no longer just a software company or even a cloud company. ...