Microsoft Corporation (NASDAQ: MSFT) turned heads at its Build 2026 conference in June by introducing an ambitious platform vision. Specifically, the company is reframing Copilot as a multi-layered agentic system spanning productivity, development tools, and enterprise knowledge.
Analysts have been waiting for Microsoft to map out a vision for Copilot beyond a chatbot in its productivity suite. But the initial reaction from investors is skepticism. MSFT is down almost 10% since the conference, and the stock is in the same general downtrend that’s been in place since October 2025.