Microsoft Stock Hitting New Lows Could Be a Long-Term Opportunity

Microsoft (MSFT) is a legacy tech player that has been in business for over 51 years. It develops software, cloud computing services, artificial intelligence (AI) platforms, business applications, gaming products, and hardware. MSFT stock, which has returned roughly 629% over the last decade, has taken a hit so far this year, with shares down 22% year-to-date (YTD).

June has been the company's worst month, with the stock reaching a new low of $349.20 last week. But that doesn’t mean Microsoft’s business suddenly deteriorated. Instead, the decline was fueled by a broader selloff in AI and mega-cap tech stocks. While the market is repricing MSFT stock, savvy investors should see this as a long-term opportunity to scoop up this legacy tech giant’s shares.