According to @StockMarketNerd, Microsoft’s CFO said this quarter that depreciation schedules and GPU useful-life estimates are directly tied to contracted bookings, indicating AI infrastructure capex and depreciation are aligned with signed demand rather than speculative buildout (source: @StockMarketNerd). For equity traders, this linkage means depreciation expense timing will more closely track revenue visibility, directly impacting gross margin and operating income as assets enter service under U.S. GAAP (source: Microsoft FY2024 Form 10-K; U.S. GAAP). For crypto-focused traders, hyperscaler signals on AI compute deployment are monitored as inputs to AI-compute narratives that can influence sentiment across AI-related themes, making this update relevant for risk positioning even outside equities (source: @StockMarketNerd).