Does Microsoft Deserve Its Decade-Low Multiple?

Core Insights - Microsoft has integrated artificial intelligence (AI) into its products more extensively than most competitors, with tools like Copilot embedded across its software suite [1] - The Azure AI infrastructure is sold out in key regions, indicating strong demand [1] - Current adoption of Copilot remains low at 3.3% of its user base, despite bullish analyses focusing on its monetization potential through paid upgrades [1]