Microsoft is a major player in the growing artificial intelligence industry, benefiting from AI capacity for workloads. Recent earnings show a 39% surge in Microsoft Azure and cloud revenue. Despite recent stock declines, a technical analysis pattern suggests a potential buying opportunity for long-term investors in Microsoft.

Consider both fundamentals and technical analysis when investing in Microsoft. A recent death cross pattern may signal bearish trends, but positive news can interrupt this pattern. Investors can use this dip as a chance to buy into Microsoft at a lower valuation, considering its strong long-term prospects as an AI leader.

Before buying Microsoft stock, note that it wasn’t among the 10 best stocks recently identified by The Motley Fool Stock Advisor team. These top picks have historically produced high returns, outperforming the S&P 500 by a wide margin. Consider joining to access the latest top stock picks and benefit from a community of individual investors.

Read more at Nasdaq: Microsoft Stock Just Did Something It Hasn’t Done in 1 Year. Here’s What May Happen Next.