MSFT, with a market cap of $US3.15 trillion, is holding onto its largest position, but Nvidia is obviously coming fast. MSFT has evolved significantly since Bill Gates and Paul Allen started the business in an Albuquerque garage, an inspirational story. In April, Microsoft posted a 17% increase in revenue to $61.9 billion, with $21.9 billion in profits, up 20%, beating Wall Street’s expectations in all areas for the third quarter of its 2024 fiscal year. Importantly, moving forward, Microsoft CEO Satya Nadella “is seeing a new era of AI transformation driving better business outcomes across every role and industry,”. Not surprisingly the company is also benefitting from investor demand for AI infrastructure.
- We remain bullish on this quality operator, calling it a “must own” stock – MM is long MSFT in our International Companies Portfolio.
MM is long and bullish towards MSFT
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