MSFT → $487.00 by Sep 27, 2026.

In December, I [posted](https://www.reddit.com/r/ValueInvesting/comments/1p9ks0t/understanding_michael_burrys_nvidia_short_the/) a breakdown in this sub arguing Microsoft was overvalued at $490, in the context of its capex spend (a concern Michael Burry had raised). I got a fair amount of criticism for those valuations. Here is exactly what I said at the time: "Assuming the P/E ratio remains at 34, the stock price would drop to $412-427... However, if investors also lose confidence in AI infrastructure returns, the P/E multiple could compress further..." "... the Burry-adjusted …