$Microsoft(MSFT.US) Looking at Microsoft now, it's really significantly undervalued.

First, Azure is not broken. Growth is still strong, and it's capacity constrained, not demand constrained.

Second, Copilot is starting to be validated. Seat growth, enterprise adoption by large clients, and AI ARR all indicate it's not just a pure marketing story.

Third, the OpenAI agreement restructuring is a net positive for MSFT.

It continues to receive OpenAI revenue share while reducing its own rev share payments to OpenAI and retains IP usage rights. This is a dual positive for cash flow and strategy.

Fourth, the in-house Maia/Cobalt chips may repair future margins.

So, the current MSFT now looks more like: short-term suppressed by capex and margin concerns, but the long-term AI monetization path is actually clearer.

If there's a chance, I'll add some more.