$Microsoft(MSFT)$ Retraced down near $411 today, testing the confluent support at its 50-day SMA around $408.35. Currently sitting right at the 50% retracement level of the recent swing rebound. This looks like a crucial structural spot for buyers.
If you read the prospectus of the deal between $IREN Ltd(IREN)$ and $Microsoft(MSFT)$ , you would see the prepayment terms and, more importantly, that IREN is doing a lot more than just providing Metal. I really don't think you fully grasp the scale of this deal.
$Microsoft(MSFT)$ Glad to see Gates is finally done selling the stock. I kind of feel like there's some personal issue between him and Nadella. Honestly, among the hyperscalers, it feels like the most undervalued one to me.
$Microsoft(MSFT)$ Similar to Boeing's success story, Microsoft has recruited a significant workforce from India to reduce its development costs. I expect to see some positive results from the highly efficient work delivered by their Indian team.