From Nasdaq:

Microsoft (NASDAQ: MSFT) was once a laggard in technology, missing the mobile transition after the iPhone. However, CEO Satya Nadella revolutionized the company by ending the war against Apple, investing in Microsoft Azure, and making key acquisitions like LinkedIn and GitHub, positioning Microsoft for massive growth.

Nadella’s transformative leadership saw Microsoft’s stock gain 934% over the past decade, with $10,000 invested when he became CEO now worth $123,000 with dividends reinvested. Microsoft’s stock looks like a smart buy in 2024 due to increased demand for its AI technology and its competitive advantages.

Although Microsoft’s stock is pricey at a price-to-earnings ratio of 36, its execution in 2023 and the incorporation of new AI Copilot technology still make it an attractive investment. Microsoft’s stock could see sustained growth in 2024, making it a smart buy for investors looking for long-term returns.



Read more: If You Invested $10,000 in Microsoft When Satya Nadella Became CEO, This Is How Much You Would Have Today