Jim Cramer Discusses Microsoft (MSFT)’s Control Over Productivity Software

We recently published 11 Stocks Jim Cramer Discussed, Including A Potential “Worst Stock Ever”. Microsoft Corporation (NASDAQ:MSFT) is one of the stocks Jim Cramer recently discussed.

Microsoft Corporation (NASDAQ:MSFT) was in the news yesterday after OpenAI completed its restructuring and confirmed the firm as a shareholder. Microsoft Corporation (NASDAQ:MSFT) now holds a 27% stake in the OpenAI Group PBC, which is in turn also controlled by OpenAI, which holds a $130 billion equity stake. During this appearance, Cramer commented on the software company as part of a discussion surrounding retail stocks. He discussed a note from Guggenheim that upgraded the stock to Buy from Neutral and set a $586 share price target. As part of the coverage, Guggenheim cited Microsoft Corporation (NASDAQ:MSFT)’s strengths in the software market through its productivity products and the potential to benefit from AI. Cramer mentioned these as well:

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“[On consumer names not playing the way tech has] But the way to play that is to buy the Microsoft piece. Where it says, Microsoft’s back being monopolist again. You see that positive piece about Microsoft in Guggenheim?. . .it’s got back the near monopoly on the productive suite.”

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Disclosure: None. This article is originally published at Insider Monkey.