2024-06-13 08:30:00 ET
Summary
- Microsoft stock is close to breaking out and rallying to new highs.
- Apple's entry into generative AI has spurred investor sentiment on mainstream AI adoption.
- Microsoft's early investments in OpenAI have paid off, strengthening its AI capabilities.
- Microsoft's full-stack approach helps it to monetize AI effectively.
- I argue why MSFT's crucial differentiators should help maintain its AI leadership robustly.
Microsoft Stock Is Close To Breaking Out
Since my last Microsoft update in early April 2024, Microsoft's ( MSFT ) stock has slightly underperformed the S&P 500 ( SP500 ). My caution panned out as MSFT fell toward its mid-April lows, but dip-buyers returned with conviction. As a result, it helped MSFT bottom out convincingly, as MSFT reached a new high this week. Supported by Microsoft's robust fiscal third-quarter earnings release in late April, MSFT's price action is close to a decisive bullish breakout....
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Microsoft: A Breakout Rally Seems Imminent (Rating Upgrade)