New York, January 6, 2026, 09:36 EST — Regular session
- Microsoft shares were little changed in early trade after the company disclosed an Osmos acquisition.
- The deal targets Microsoft Fabric, as markets weigh rate-sensitive growth stocks ahead of key U.S. data.
Microsoft shares were down 4 cents at $472.85 in early trading on Tuesday.
The stock move followed Microsoft’s purchase of Seattle-based startup Osmos, a deal aimed at automating parts of data engineering inside Microsoft Fabric, its data and analytics platform. Terms were not disclosed, GeekWire reported. 1
The timing matters for investors because large-cap growth stocks have traded closely to shifts in interest-rate expectations, and traders are scanning incoming U.S. data for clues on the Federal Reserve’s next steps. Richmond Fed President Tom Barkin said on Tuesday the central bank needs “careful” adjustments as risks remain on both inflation and employment. 2
Microsoft said Osmos is an “agentic AI” data engineering platform — software that uses AI “agents” to take steps in a workflow — and that it will help turn raw data into “analytics and AI-ready assets” in OneLake, Fabric’s unified data lake. “Many teams spend most of their time preparing data instead of analyzing it,” Azure Data Analytics chief Bogdan Crivat wrote. 3
Osmos Chief Executive Kirat Pandya said the combination would put the product “directly where customers already operate their data platforms,” as the company winds down standalone offerings while it integrates into Fabric. 4
Microsoft’s update landed as Wall Street entered the year with a risk-on tilt after a broad rally on Monday, while attention shifted to this week’s economic calendar and the outlook for rates. 5
A key risk for Microsoft investors is that the Osmos deal may be too small to change near-term financials, with no price disclosed and integration work still ahead. The bigger swing factor remains whether enterprise tech spending holds up and whether markets reprice rate expectations quickly.
Next up, traders will watch the ISM services PMI — a survey-based gauge of activity in the much larger services sector — due at 10:00 a.m. ET on Tuesday, and Friday’s U.S. employment report for December at 8:30 a.m. ET. 6
