Microsoft’s stock has been a strong performer, driven by its Azure cloud segment and AI capabilities. Azure’s 33% growth led to a 21% revenue increase in the Intelligent Cloud unit. Despite the stock’s premium valuation at 33 times forward earnings, investors are optimistic about Microsoft’s future in the expanding cloud computing market.

Investors should pay attention to Microsoft’s upcoming earnings report on July 30 to gauge the company’s performance, especially in the critical Azure division. While Microsoft has shown consistent EPS growth, its premium valuation may warrant caution. Consider waiting for more clarity before rushing to invest in Microsoft.

Read more at Nasdaq: Should You Buy Microsoft’s Stock Before July 30?