Roberto Chamorro gilaberte @robchamow: "📝 Microsoft has 450 million..."

Spain

📝 Microsoft has 450 million M365 seats. Copilot has 15 million paid users. $MSFT (Microsoft) That’s 3.3% penetration. 96.7% untapped. This is not a weakness. It’s the setup. M365 revenue grew 17% while seats grew only 6%. The gap is pricing power. Microsoft doesn’t need new customers it needs existing ones to upgrade. And the upgrade just got a lot more compelling. On March 9, Microsoft launched Copilot Cowork a true autonomous agent built with Anthropic’s Claude. Not an assistant. An agent. It analyzes a month of meetings, builds the report, sends the email. One instruction. Done. ChatGPT can’t do that. It doesn’t have your calendar, your files, your Teams history. Copilot Cowork does. Natively. The math is simple: 10% penetration = $16B in new annual revenue 20% penetration = $32B roughly the size of Google Cloud today The market still isn’t pricing this in. Anthropic built the product that threatened Microsoft’s stock. Microsoft licensed the technology, embedded it into 450 million workplaces, and called it Copilot. That’s not catching up. That’s distribution at scale. Full article on Microsoft and its valuation on my blog. open.substack.com/pub/robertochamorrogilaberte/p/microsoft-2026-2029-el-negocio-que?r=5b5str&utm_medium=ios $MSFT $NSDQ100 $SPX500 $AMZN (Amazon.com Inc) $BTC

Not investment advice. The author may have financial interests in the mentioned instruments.