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Shares of Microsoft (MSFT) have gained 34% year-to-date, which sounds quite exceptional - until you compare the stock's performance to some of its mega-cap tech peers. MSFT's returns this year have trailed the broader Nasdaq QQQ Invesco ETF (QQQ), which has gained nearly 38% in 2023, as well as all five FAANG stocks. Within that group, Apple (AAPL) is up 37.5%, Netflix (NFLX) has gained 43.8%, Alphabet (GOOGL) has rallied 46.5%, Amazon (AMZN) is 65% higher, and Meta Platforms (META) leads the group with its 151% breakout.
