Microsoft: I Don't See An AI Bubble

Core Viewpoint - Microsoft (MSFT) shares have declined by 10% following the 1Q FY2026 earnings report, indicating potential concerns about the company's position in the AI market despite a broader equity market rebound [1]. Financial Performance - The stock did not participate in the recent market rally, raising questions about whether MSFT is experiencing an AI bubble [1]. Analyst Background - The analysis is conducted by a senior analyst with 10 years of experience in investment banking, specializing in fundamental equity research and macro strategy [1].