This stock is headed to $300 soon. Co pilot is a failure, openAI is sketchy and very unprofitable, and general SAAS seats are dwindling due to AI downsizing. What's the bull case here? Chart also look really bad on daily weekly and monthly timeframes. Big volume selling for two weeks now. QQQ up huge on the year and maybe double topping. We think MSFT gonna go up when semis and the Qs inevitably correct? We've already seen this not happen. Last few weeks when SOXX pulled back, money flowed into consumer staples and healtchare. SAAS still tanked.
I'm not even sure what catalyst could save MSFT or SAAS at this point. To me, MSFT is now in that value trap territory, similar to NKE or PYPL in that sense. P/E ratio is low, sure! But the street also knows that growth is likely to slow for this dinosaur.