Amid intensifying AI competition and macroeconomic pressures, Microsoft's stock price fell by 23% in the first quarter, though it rebounded by 3.12% on Tuesday along with the market. Microsoft is facing multiple challenges: conflicts in the Middle East have driven up data center operational costs, the market performance of its AI assistant, Copilot, has fallen short of expectations, with only about 3% of enterprise Office users purchasing its licenses. To address these challenges, Microsoft has adjusted its AI team structure, a move that has sparked varied interpretations in the market. Impacted by AI, the entire software industry has underperformed, with several software stocks declining by over 30% year-to-date. Nevertheless, some analysts remain optimistic about Microsoft, citing its nearly 17% revenue growth in the latest quarter, high user retention for its core products, and robust growth in Azure cloud services. Additionally, Microsoft's partnership with OpenAI has evolved, intensifying competitive dynamics. Microsoft CEO Nadella stated that competition in the AI field is not a zero-sum game and that Microsoft has the capability to maintain its leading position.