AMS:INPST.AS 6 January 2026 - 9 February 2026

March 20, 2026, 12:56 PM EDT. Microsoft and Adobe lead software sectors with strong AI integration fueling growth. Microsoft's cloud platform Azure grew 39% in Q2 FY 2026, with a 15-17% revenue growth projected for Q3, driven by AI-powered commercial cloud products and a $625 billion backlog. Its partnership with OpenAI and sovereign cloud initiatives enhance market reach. Adobe posted record revenues of $6.4 billion in Q1 and 13% subscription revenue growth, with AI-first annual recurring revenue (ARR) tripling and a user base over 850 million. Both are embedding generative AI into core offerings amid valuation differences, shaping distinct investment cases for 2026.