Shares in Microsoft (MSFT) stalled on Monday after the tech giant announced a re-model of its existing partnership with OpenAI.The amended long-term agreement will see Microsoft no longer have exclusive access to the AI startup’s intellectual property and AI models, while also altering its revenue-sharing deal. Microsoft continues to participate directly in OpenAI’s growth as a major shareholder, but there are several notable updates.

According to a press release, Microsoft remains OpenAI’s primary cloud partner, and OpenAI products will ship first on Azure, unless Microsoft cannot and chooses not to support the necessary capabilities. Additionally, OpenAI can now serve all its products to customers across any cloud provider.

While MSFT shares have stagnated after the OpenAI update, Wall Street bulls remain backing Microsoft stock. Most recently, Michael Burry is now bullish on Microsoft stock (MSFT) and disclosed his purchase in his Substack post. He confirmed that he initiated a new long position on MSFT, indicating that the equity has bigger potential. The timing of an entry position in Microsoft stock by Michael Burry is also deliberate, as software stocks were badly affected in Q1 of 2026 but managed to briefly rebound in Q2. Hence, the Wall Street legend suggests that post earnings, MSFT may be set for a significant rally.

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Furthermore, Microsoft’s stock earnings are due on April 29, and right now that date carries more weight than any standard quarterly report. MSFT has climbed about 19% off its March lows and trades around $425 at the time of writing. Q2 FY2026 results landed January 28 with numbers that looked solid — $81.3 billion in revenue, up 17%, and Azure growing 39%. And yet Microsoft stock earnings triggered a near-10% drop the very next session. Capital expenditure of $37.5 billion, up 66% year over year, caught investors off guard, and the market read it as spending that had outrun near-term returns.

Microsoft is set to report its fiscal Q3 earnings soon, with analysts predicting $4.06 EPS and $81.3 billion in revenue. Recent changes in its partnership with OpenAI are viewed positively, enhancing Microsoft’s AI monetization potential.