Microsoft Had Its Best Quarter in 28 Years. Is it Too Late to Buy the Stock?

Microsoft delivered its best quarterly performance in 28 years with 38% gains in Q3, driven by strong financial results and AI/cloud computing growth. The company's revenue grew 18% to $90 billion, Azure cloud services surged 43%, and the company ended with a massive $678 billion backlog signaling sustained demand. Despite the recent rally, analysts believe Microsoft stock remains a buy at 25.1x forward earnings due to its strong position in AI, cloud computing, and significant growth prospects.