Jim Cramer on Microsoft: “I’m Glad We Didn’t Dump It”

Microsoft Corporation (NASDAQ:MSFT) was among the stocks covered in Jim Cramer’s Mad Money recap as he urged investors to focus on the fundamentals of companies. Cramer noted that dumping the stock “could have been a big mistake,” as he remarked:

Or how about Microsoft? Now, we’ve owned it for the Charitable Trust for ages. I’ve been looking pretty silly, frankly. We’re aware that Copilot has issues, but we’re also aware that Azure cloud infrastructure business is robust. Windows franchise remains second to none. So we held on to it. Stock’s been ugly, fell from $555 at its heights last summer to $356 at the end of March, where it began a sustained run during which all I heard was derision and how could you be so stupid to own it?… Then today, after the beginning of a nice rumble higher, an incredibly positive Citi piece of research emerges and ignites the stock… This is the first positive piece I’ve seen on Microsoft since the negativists took over the microphone… Microsoft’s enterprise software is doing incredibly well. Some product lines, sure, some are going to get hurt by Anthropic or even OpenAI, which is their partner, but it’s got a fantastic balance sheet. It can improve its AI offering, and it can take some hits, for heaven’s sake. I’m glad we didn’t dump it. First day I’ve said that in a long time. It could have been a big mistake. Stock’s back up to $424, up six bucks today. I bet you analysts come out of the woodwork and say, you know what, we really like Microsoft.

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.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.