Microsoft Hits an All Time High: Will the 20-Year Dog Now Be a 20-Year Bull?

Nov 10, 2023 @ 1:00 pm

Microsoft (NASDAQ: MSFT) hit an all-time this week, cresting over $368 per share, which values the company at nearly $2.7 trillion.

For nearly two decades, MSFT was a terrible investment:

MSFT Chart 2

If you bought at the peak of the dot-com bubble in December 1999, you weren’t break-even on your investment until 2017! And if you consider the opportunity cost, that stat is even more painful.

If you bought a little after, you just sat there treading water year after year. There were small peaks and valleys but MSFT was certainly not a growth stock.

Now here’s the rest of the chart:

MSFT Chart 4

Since 2017 the stock has been on a tear, up 6x since then. People like Bill Gates and Steve. Ballmer have gotten stratospherically rich, and so has your typical teacher’s pension fund and 401K holder.

The driver of all of this has been Azure. Microsoft has continued to sell all its other products of course, and gotten into hardware as well, but the cash cow is Azure. They have a natural on-ramp for all their enterprise clients, plus whatever other deals they can sell and the general public. Azure is now over a third of Microsoft’s revenue.

What do you think about the future of this behemoth?

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raindog308

Dread Lord of LowEnd Content at LowEndBox

I'm raindog308, techno polymath and long-time LowEndTalk community Administrator. My technical interests include all things Unix, perl, python, golang, shell scripting, vintage operating systems such as MVS, and relational database systems such as Oracle, PostgreSQL, and MySQL.

I also enjoy using LEBs! I have an empire of little guys for VPNs, larger guys for apps, and big guys for databases and storage. When I'm not in front a screen I'm into German Shepherd dogs, quality knives, target shooting, theology, tabletop roleplaying games, and forest hiking.

I enjoy writing technical articles here on LowEndBox to help people get more out of their systems. You can find me on LowEndTalk @raindog308