$Microsoft(MSFT.US) Microsoft is down roughly ~18% YTD as of Feb 24, lagging mega-cap peers after solid earnings got sold on heavy AI capex and slower Azure growth expectations . Technically it’s still below key moving averages, momentum weak, so trend isn’t confirmed bullish. Forward P/E has compressed into the low-20s — not dirt cheap, but more reasonable vs its own history. P/E still matters, just not in isolation with capex this high.

@Bridge Buzz SG