Yahoo Finance tech editor Dan Howley explains what's behind all the recent tech layoffs and what it means for some of the Nasdaq's biggest companies.
Microsoft (NASDAQ: MSFT) is feeling the pressure from a slowing global economy. The company's cloud business is growing at a solid clip, cash flow is strong, and Microsoft has a prime position in emerging industries like AI. With that bigger picture in mind, let's look at whether Microsoft stock is still a buy in early 2023.
Microsoft (NASDAQ: MSFT) is one of just a few businesses to ever cross the $2 trillion market capitalization level. It has been in a leading market share position for decades and powers a large portion of tech spending for both consumers and enterprises. My point is that Microsoft is no diamond in the rough.