“our biggest business today is Azure business, and the Azure business, the TAM, given what's going to happen is is so huge that we now need to be fantastic uh…”
Nadella stakes that Azure's addressable market expands massively as every firm builds AI agents and rents compute, with Microsoft owning the token factory plus the app server layer. The non-obvious link is he is faithful to model commoditization while still bullish Microsoft because value accrues to the infra and orchestration layer he controls, not the model.
“The workstation is back. I'm one of the most excited... How do you can? You can put a DGX card and you can have like just a fantastic machine and the…”
A sitting hyperscaler CEO naming the DGX card as the engine of a revived high-end workstation is a bullish read on NVIDIA pushing datacenter-class silicon down to the desktop. The non-obvious link: Nadella is talking up his own Windows PC platform, but the hardware he reaches for to make local models real is NVIDIA's, so the demand he describes accrues to NVDA's new personal-AI-supercomputer line.
“The workstation is back. I'm one of the most excited. If you went to CES”
The workstation is back: local LLMs on DGX-class PCs revive high-end desktop hardware demand