As Microsoft (NASDAQ:MSFT) flirts with the $4 trillion market cap, ETFs exposed to the stock have found themselves in the limelight. Underneath the surface of earnings beats and valuation records is a larger narrative: Microsoft has become the infrastructure layer of the AI revolution.
Microsoft’s Q4 blockbuster earings were stuff from the market lore, Azure cloud revenue jumped 39%, Office and Copilot adoption flew, and the company beat on EPS and revenue. That’s the sheen on top.
