Satya Nadella Declared a "New Paradigm" for Agentic AI at Microsoft's Build Conference in 2026. Here's How That Vision Is Showing Up in Azure's Growth.

Key Points Growing use of agentic AI is driving growth in cloud consumption, contributing to Azure's 43% revenue growth last quarter. Microsoft CEO Satya Nadella called agentic AI a "new paradigm," suggesting a growth opportunity for the software giant. Demand for cloud compute is growing faster than it takes to bring new data center capacity online. 10 stocks we like better than Microsoft › Microsoft (NASDAQ: MSFT) Azure's growth is accelerating in 2026, and much of that momentum is coming from agents writing code and handling other tasks -- workloads that drive higher cloud consumption. Azure revenue grew 43% year over year in the fiscal fourth quarter ended June 30, 2026.