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40%Reported
OpinionFinancial·March 23, 2026

Melius Research: Copilot Upside Capped, Seat Pressure and PC Market Decline Could Weigh on Segments

Melius Research warns that Azure upside is capped as Microsoft scrambles to fix Copilot, and that layoff-driven seat pressure plus a potential double-digit PC market decline could hurt major segments, with Microsoft potentially becoming a source of cash as investors rotate to emerging AI leaders.

Melius Research: Copilot Upside Capped, Seat Pressure and PC Market Decline Could Weigh on Segments — Microsoft | OpenCall