Azure revenue growth slowed as key NVIDIA chips were redirected to support Copilot deployments, limiting capacity for cloud clients. This deceleration contributed directly to the stock’s sharp decline. Copilot has amassed 15 million users, but Cramer described this figure as underwhelming relative to its widespread integration across Office products. He questioned whether demand justifies ongoing infrastructure investments. Jim Cramer expressed deep concern about Microsoft’s near-term outlook, stating he might reduce or fully exit his position after the stock fell almost 10%. He emphasized this would be a major shift given his Trust’s long-standing ownership. Approximately 45% of Microsoft’s remaining performance obligations derive from OpenAI, raising concerns about booking reliability. Wall Street’s view of OpenAI’s consistency has shifted, impacting Microsoft’s revenue visibility.