Jim Cramer Notes That Microsoft Isn’t Looking Much Like an AI Winner

Microsoft Corporation (NASDAQ:MSFT) was among the stocks Jim Cramer looked at as he discussed the recent bounce in software stocks. Talking about the iShares Expanded Tech-Software Sector ETF, IGV, Cramer said:

Some stocks belong in the index, of course. For example, take a look at Microsoft, textbook software stock. It’s been pretty much straight down since its peak last July at $555. But it did jump 3.6% today. Did anything happen this weekend to justify today’s rally?

Nope. In fact, we got a negative piece this morning about how the private colossus OpenAI has been pushing business away from Microsoft and toward Amazon because its customers want to go there. Incredible given how close they were at one point, but it’s right that Microsoft stock’s been clobbered. They’re not looking much like an AI… winner right now. No matter, it’s enjoying its first romp in ages. Enjoy it.

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.

While we acknowledge the risk and potential of MSFT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MSFT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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