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Barchart
Barchart
Ruchi Gupta

After Underperforming in 2024, is Mega-Cap Microsoft Stock Still a Buy?

Microsoft Tyler Radke Barchart

Tech giant Microsoft Corp. (MSFT) is one of the largest publicly traded companies by market cap, currently worth $3.09 trillion. The Redmond, Washington-based company develops and supports software, devices, services, and solutions for both enterprises and customers worldwide. Microsoft offers products such as Office 365, SharePoint, LinkedIn, Azure, SQL and Windows servers, Visual Studio, and more, and the company emerged as an early leader in the artificial intelligence (AI) race with its massive investment in OpenAI.

However, MSFT stock has underperformed the broader market this year. MSFT is up just 10.2% in 2024, compared to a gain of 23.5% for the S&P 500 Index ($SPX), and a 22% rise for the Nasdaq-100 Index ($IUXX). Microsoft shares peaked in July around $468, and they're down about 11% from that high point.

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