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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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The U.S. added an estimated 178,000 jobs in March, rebounding from unexpectedly large job losses in February, according to data released Friday morning. March’s gains were about three times what economists expected, and the unemployment rate edged down to 4.3%. Why the March jobs report matters Market watchers generally viewed…
April 4 marks a major milestone for Wall Street’s premier software stock: Microsoft was founded on April 4, 1975, in Albuquerque, New Mexico, by Bill Gates and Paul Allen.
Since its initial public offering in March 1986, Microsoft shares have surged by nearly 624,000% (including dividend reinvestment). The company’s long-term performance reflects a mix of high-growth initiatives and steady cash generation from legacy segments.
Microsoft’s sustained double-digit growth has been supported by cloud computing and artificial intelligence. Azure, Microsoft’s cloud infrastructure service platform, trails only Amazon Web Services in global cloud infrastructure services spend. The company’s AI offerings—including generative AI and large language model building and training capabilities—have helped reaccelerate Azure’s sales growth to nearly 40% on a constant-currency basis.
While cloud and AI are central to Microsoft’s growth story, the company’s legacy operations continue to contribute significant cash flow. Windows remains the No. 1 desktop operating system worldwide, and Office also continues to generate high-margin operating income. That cash supports reinvestment into faster-growing areas.
Microsoft ended 2025 with approximately $89.5 billion in cash, cash equivalents, and short-term investments. Through the first six months of fiscal 2026 (ended June 30, 2026), Microsoft generated $80.8 billion in net cash from operations.
That level of operating cash generation enables Microsoft to pay what is described as Wall Street’s largest nominal dividend and to fund acquisitions to expand its reach.
Despite competitive advantages, Microsoft’s shares have fallen roughly a third of their value since reaching an all-time high in late October. The article attributes the broader software-stock weakness to concerns that AI could reduce demand for high-margin software products, though it argues that businesses are still early in optimizing AI solutions to improve sales and profits.
It also points to a “price dislocation” created by AI-related selling. The six-month decline has lowered Microsoft’s forward price-to-earnings (P/E) ratio to 19.4, described as a 34% discount to its average forward P/E over the trailing half-decade. Shares are also trading at roughly 7.3 times forecast fiscal 2027 sales, which would be the lowest price-to-sales multiple for Microsoft since 2018.
While a historically expensive stock market could contribute to volatility for Microsoft and peers over the next couple of quarters, the article concludes that the recent drop in Microsoft’s share price reflects a valuation mismatch rather than a fundamental deterioration—citing reaccelerating Azure revenue and Microsoft’s continued cash generation.
In brief\n\nBitcoin dropped to about $93,000, falling back below the EMA50 and putting its recent golden cross at risk of invalidation. The global crypto market cap stands at $3.15 trillion, down 2.38% in 24 hours. On Myriad Markets, 82% of the money is betting on Bitcoin pumping to $100K before…
