Microsoft Corporation ($MSFT) is facing challenges as its shares hit a 52-week low, attributed to concerns over its AI initiatives and data center operations. CFO Amy Hood is set to speak at the Morgan Stanley Conference, where she will address key topics including data center performance, Azure, and capital expenditures (CAPEX). Recent discussions highlighted that while AI infrastructure supply is expected to be in good balance with demand by the end of the current fiscal year, supply constraints remain a concern. Hood noted that Microsoft is focusing on improving execution in non-AI workloads following unexpected weaknesses in the second quarter. Despite these challenges, there were positive remarks regarding Azure AI and Co-pilot's performance, which exceeded expectations in Q2, suggesting that CAPEX may be lower in FY26 due to prior infrastructure investments.