• jubilationtcornpone@sh.itjust.works
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    1 day ago

    This drawdown has sparked a debate about the “Magnificent Seven” member: Is Microsoft stock a falling knife, or has the market overreacted, presenting a rare opportunity to buy a preeminent artificial intelligence (AI) stock at a discount?

    First, “the market” overreacts about everything. Not surprising given that stock price volitility is mostly driven by speculation.

    Second, who writes this crap? Anyone who thinks of Microsoft as an “AI stock” is clueless. The majority of Microsoft’s revenue comes from “services”, a big chunk of which is derived from subscriptions for Azure, Office 365, and other hosted solutions.

    Microsoft has been racing to cram “AI” into as many areas as possible. Probably in an attempt to justify their substantial R&D and capital expenditures. But calling them an “AI stock” is insane considering “AI” is not their core business or even a profitable part of their business.

    • PieMePlenty@lemmy.world
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      11 hours ago

      But calling them an “AI stock” is insane considering “AI” is not their core business or even a profitable part of their business.

      I suspect it is because MSFT is overvalued at the moment and the overvalued part is AI hype. Now that the AI bubble is decreasing, we see it reflected in MSFT. They’re not pure AI stock, but some part of it is, so I think the speculation is apt. So, if you’re an AI bro and a bit of a pussy and not 100% behind it, you can back Microsoft since they have other income streams to fall onto. If you’re hardcore, you buy OpenAI and lose everything when it goes down.

    • porcoesphino@mander.xyz
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      24 hours ago

      Isn’t a decent amount of trading vibes / meme based? At least, a lot of crypto and arguably Tesla is. For those traders, isn’t Microsoft an AI stock? At least some of the genAI stock valuations are from a subset of people thinking that the singularity is coming and that the first of these companies to do it will boom, aren’t they? And isn’t that the target audience for this sort of reporting?

      • ParlimentOfDoom@piefed.zip
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        13 hours ago

        Except Microsoft has been considered behind the other AI stocks for the last couple years. So they have not been seeing quite as big a boon as the others.