Microsoft Remains A Buy Near All-Time Highs

Microsoft's top-line growth is at multi-year highs, driven by exceptional performance in the Intelligent Cloud segment and Azure's accelerating momentum. Guidance for Q1 shows continued robust cloud demand, with Azure expected to maintain exceptionally strong growth, supporting a bullish outlook. Despite heavy AI infrastructure investment, free cash flow remains resilient, and capital returns to shareholders are increasing, alleviating concerns about CAPEX pressure.