Microsoft Corporation (MSFT) Delivers Strong Azure Growth as AI Demand Exceeds Supply

Attiya Zainib

Mon, November 2, 2026 at 12:12 PM PST 3 min read

MSFT

-3.17%

Janus Henderson, an investment management company, released its "Global Sustainable Equity Fund " Q3 2026 investor letter. A copy of the letter can be downloaded here . The Equity Fund returned 1.86% in the third quarter of 2026, matching its benchmark, while outperforming the IA Global peer group's 0.38% return. The fund's performance reflected a sharp rotation within the artificial intelligence trade: companies perceived as vulnerable to AI disruption recovered, while businesses tied to AI infrastructure, power, cooling, and electrification came under pressure. The portfolio's exposure to infrastructure-related companies and its lack of energy holdings weighed on relative performance, partly offset by gains from selected technology, healthcare, and financial investments.…