Microsoft Stock Is Down 27% From Its All-Time High. 2 Reasons It Could Double by 2030.

Microsoft stock has declined 27% from its all-time high due to Wall Street concerns over heavy AI infrastructure capital spending ($190B in 2026). However, the company's strong enterprise relationships, 16% projected annual earnings growth, and leadership in agentic AI through its Copilot platform position it to potentially double by 2030. With nearly 90% of Fortune 500 companies using Copilot Studio and a $627B backlog, Microsoft's long-term competitive advantages may offset near-term margin pressures.