# Microsoft (MSFT) has lagged the broader market index since my last update on the stock.

*business · news · 2026-04-12 · Seeking Alpha*

## Key points

- OpenAI's market share is eroding, which could negatively impact Microsoft's equity stake value.
- Azure's reported revenue growth is suppressed by 200–300 basis points due to internal compute allocation.
- Copilot adoption is in the low single digits of Office 365 seats, below initial expectations.
- Microsoft's current valuation is close to fair, aligning with peer and historical averages.

**Companies:** Microsoft
**Countries:** United States

[Read the full story on Seeking Alpha](https://seekingalpha.com/article/4890043-microsoft-azure-is-booming-but-openai-and-copilot-are-quietly-capping-the-upside)

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