MSFT - Is It Too Late to Buy Microsoft Stock Now?
2024-07-17 05:52:00 ET
Microsoft 's (NASDAQ: MSFT) stock has soared 466,000% since it went public in 1986. The company has a history of delivering impressive returns thanks to a potent position in tech and consistent reinvestment in its business.
In fact, an early investment in ChatGPT developer OpenAI allowed Microsoft to get a headstart in artificial intelligence (AI), boosting its share price by 89% since the start of 2023. The company rallied investors with AI integration across its various software platforms and impressive earnings growth.
Microsoft has come a long way in its nearly 50 years of business, recently the world's second-most valuable company by market cap (only after Apple ). However, Microsoft is only just getting started in key growth markets like artificial intelligence and cloud computing, suggesting plenty of room to run.
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Is It Too Late to Buy Microsoft Stock Now?