Microsoft reports record Microsoft 365 Copilot adoption at 15 million paid seats with 160% quarterly growth and new partner integrations across industries.

Stifel downgrades Microsoft to Hold, citing aggressive AI spending projected at $200 billion and Azure cloud capacity challenges that may pressure margins and earnings.

Microsoft stock plunges 10% as Azure cloud growth decelerates while capital expenditures surge 66% to $37.5B, raising AI investment concerns.