$Microsoft(MSFT.US) earnings tonight key points:Bottom line. I don't have a sense of what the stock does tomorrow. ➡️Azure. Growth is expected to be 37.8% (Factset) vs. 39% in September. For March 26, the Street is expecting similar growth of 37%.➡️Capex. Street is expecting 49% y/y capex growth in December vs. 30% in September. That doesn't matter. ➡️What counts is what they say about capex growth in CY26. The street is expecting 32% y/y growth. That compares to AMZN at 17%, GOOG at 29%, META at 57%. I expect their comments will point to 40% capex growth. If they say that, it's a positive for $NVIDIA(NVDA.US).Source: Gene Munster