In June 2026, Microsoft CEO Satya Nadella took the stage in San Francisco at Build 2026 and unleashed a series of announcements so massive that the entire tech market reeled. The company had quietly spent roughly $190 billion in capital expenditures building data centers across the planet, buying custom chips, and wiring up infrastructure for a world that runs on AI — and Wall Street punished them for it, sending Microsoft stock down nearly 24 percent in the first half of the year, the worst stretch since the dot-com crash. The keynote revealed four bombshells: Scout, an always-on autopilot AI agent that lives