$Microsoft(MSFT.US)ContextMicrosoft is one of the largest tech companies in the world with its cloud business Azure, bus…
$Microsoft(MSFT.US)
Context
Microsoft is one of the largest tech companies in the world with its cloud business Azure, business software and a major role in AI. The stock dropped sharply earlier this year on worries about AI spending, then rebounded strongly to new highs. Its latest earnings beat expectations on both profit and revenue, driven by faster Azure growth and the shares rose after hours.
My trade
I bought in two lots, the second after the price had fallen further. Both are in the green now and the second lot has done especially well.
Takeaway
Adding to a quality business when the price is weak paid off here but after such a big rebound I think the easy gains are likely behind it.
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