BREAKING
Microsoft Steers GPUs to Copilot
0
%
Azure growth Q2 FY26
0
%
Hypothetical with GPUs
0
B
AI run-rate USD
0
%
YoY growth
0
M
Copilot paid seats
Where the Scarce GPUs Go
1
New GPUs online
↓
2
Prioritize Copilot
↓
3
Azure gets less
Copilot vs Azure Revenue
Copilot
~$30/user/mo
●
Recurring software revenue
●
Deepens enterprise lock-in
Azure
consumption
●
Cloud consumption revenue
●
Growth moderated short term
Compute Choices to Watch
AI NEWS BLITZ
Microsoft's choice to prioritize Copilot held Azure's growth in check this quarter.