Heart: MSFT Morningstar Rating: ★ ★ ★ ★ ★ Estimated price versus fair value: 35% discount Performance to date: -17% Rationale: Microsoft has a wide economic moat, and its business is protected by factors such as its cost advantage and the “network effect,” said Dave Sekera, U.S. market strategist at Morningstar, referring to the tech
How much juice do investors have left to take advantage of AI development? That’s a question facing Joe Davis, global chief economist at Vanguard. Even accounting for some recent stumbles, hyperscalers and AI hardware makers have seen stellar gains in recent years. Davis believes aggressive spending will continue for another year or two, but worries
