Analysts have praised Microsoft for being the “ in the room” by keeping its artificial-intelligence spending in check. Now other aspects of the company’s maturity are winning praise on Wall Street.

On Monday, Ben Reitzes at Melius Research wrote that Microsoft MSFT CEO Satya Nadella and his team will be considered the “adults in charge” as the AI narrative shifts. Investors are looking for safer ways to play the AI trend following warnings from Anthropic CEO Dario Amodei and others about the technology’s dangerous potential. Microsoft’s legacy software portfolio — and its cybersecurity offerings — could thrive in this environment.