$Microsoft(MSFT.US) is fundamentally cheap right now.Look at the Q3 numbers. Cloud revenue is $54.5 billion growing 29% YoY. Azure growth is back up to 40%. The market panicked over the $190 billion capex guidance for AI infrastructure. That capex is a risk these guys can afford, and $Meta Platforms(META.US) has a similar story. As usual, it is an overreaction. That upfront investment is backing a massive $627 billion contract backlog. This is a great long term opportunity and mathematically cheap right here. I would love to know if anyone has a bear case that actually makes sense against this growth rate.PT: $600