Microsoft Dominates AI and Cloud, Undervalued at $550 Fair Value
Source: morningstar.com
- Microsoft leads in AI and cloud computing, driving strong long-term growth.
- Azure grew 31% in constant currency last quarter, outpacing rivals.
- Company holds $75 billion cash pile for AI investments.
Morningstar reaffirms Microsoft as a top pick in tech, highlighting its dominance in AI and public cloud amid booming demand. This update comes as investors eye the company's fiscal 2024 results and accelerating AI adoption.