Overview
- Microsoft’s recent share slump has left the stock trading at valuations likened to Alphabet’s 2025 low, prompting fresh comparisons between the two paths.
- In the latest quarter, Azure revenue rose 39% year over year, marking one of Microsoft’s strongest growth stretches in a decade.
- Microsoft is leaning into a platform approach to AI by offering many models on Azure rather than pushing a single in‑house model.
- The company reportedly owns about 27% of OpenAI, which investors view as a potential source of added value if OpenAI pursues a listing.
- Alphabet’s late‑2025 rebound followed a court ruling that avoided major business changes and the rise of its Gemini model, a backdrop now used to frame Microsoft’s potential rerating.