Jim Cramer Notes Record-High Concentration in Microsoft

Microsoft Corporation (NASDAQ:MSFT) is one of the stocks Jim Cramer recently shed light on. Discussing the commonly found worries about mega cap stocks in the market, Cramer said:

“The negative narrative continues. NVIDIA and Microsoft make up almost 15% of the market. How ridiculous is that? That’s the highest concentration ever. That can’t last. Seems like a dangerous confluence…”

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Microsoft Corporation (NASDAQ:MSFT) develops software, services, devices, and solutions. The company provides products like productivity tools, cloud platforms, enterprise applications, gaming products. On August 4, discussing the company’s various positives, Cramer commented:

“So let’s do this. Let’s go over from best and not best because I refuse to call any of these the worst. I want to start with Microsoft because this one has become completely sainted. Microsoft’s doing incredibly well in every single phase of its business. The basic enterprise software product is the strongest I’ve seen it since, almost since it started. It’s aided by rapid adoption of Copilot, Microsoft’s AI product.

LinkedIn’s just doing really strongly. Their video game’s selling spectacularly. Azure, the cloud infrastructure division, is outstanding with a huge acceleration in growth this quarter. Finally, Microsoft owns a giant slug of OpenAI and its usually valuable ChatGPT fundraising round at a $300 billion valuation. Microsoft owns 49% of the for-profit portion of the company. I’ve followed this company for a long time since it came public, even before then. There’s always been one thing, one fly… only one piece of hair on it. Uh-uh, this time the quarter was flawless, yes, flawless.”

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