Jim Cramer Notes “It’s Tremendously Reassuring to Hear Microsoft Has a Sense of Urgency”

Microsoft Corporation (NASDAQ:MSFT) was among the stocks Jim Cramer reviewed on Mad Money while discussing the recent market rotation. Cramer mentioned the stock during the episode and said:

During this monster fall and rise, you get this pattern. Microsoft, did you see it? One of the largest companies on earth, it’s been drifting lower and lower and lower… If you look at Microsoft and you watch today, you’re going to say, “Well, what the heck happened?” And the answer is nothing. That’s what a rotation’s all about. There was no reason why it happened… Microsoft has stymied us for a long time. And I was prepared to wear the hair suit and say, “I don’t know what’s going on.” Bam, we get a great rally. And that’s what a rotation is all about. The idea that it’s going to be eviscerated by AI, maybe it’s off the table. Just as the leaders in the market cooled off, the laggards like Microsoft are going to come alive. This stock soared 4.6 today, and let me tell you, the move came out of nowhere. It shocked people because there was nothing to hang this rally’s hat on other than the fact that the company’s been spending some time with people to see if it can get its message out and hear the message of shareholders. It’s tremendously reassuring to hear Microsoft has a sense of urgency. They’re not happy where the stock is. They’re not happy where the company is. They acknowledge they’ve had missteps. They’re not the arrogant guys I thought they were. That’s good.

Image by Tawanda Razika from Pixabay

Microsoft Corporation (NASDAQ:MSFT) develops software, hardware, and cloud-based solutions. The company provides products like Windows, Azure, Office, LinkedIn, and Xbox.

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