Nasdaq correction hits tech stocks, including Microsoft, but the company is positioned for growth

From NASDAQ: 2024-08-08 06:30:00

The Nasdaq Composite entered correction territory last week, dropping at least 10% from its July high. The “Magnificent Seven” tech stocks, including Microsoft, have been hit hard. Microsoft’s stock price correction has lowered its P/E ratio, making it a more attractive investment. The company is investing heavily in growth, particularly in cloud and AI technologies. Despite lower buybacks, Microsoft’s focus on innovation and growth could pay off in the long term. With strong revenue growth and profitability, Microsoft is in a position to make bold investments for future success. The company’s AI advancements and focus on cloud infrastructure are key factors driving its growth strategy. Microsoft’s willingness to sacrifice short-term margins for long-term gains makes it an appealing stock to watch in August. The stock’s potential for earnings growth and innovation in AI technologies set it apart as a top pick for investors. **The Motley Fool’s Stock Advisor team has identified Microsoft as a strong investment choice for August. With a track record of success, the team recommends considering the stock for potential long-term growth**.



Read more at NASDAQ: Nasdaq Correction: My Top “Magnificent Seven” Stock to Buy in August