$421.06
-34.1% vs S&P 12m
Business overview
Direct AI revenueAI infrastructure exposureAI productivity upside
Azure cloud + OpenAI partnership + Copilot suite + Activision = the broadest commercial AI platform in the world.
Owns more layers of the AI stack monetization than any other vendor — capacity, model partnership, infra software, productivity, consumer.
Products
- Azure
- OpenAI services
- Copilot for M365
- GitHub
- Windows
Customers (3)
- Enterprises globally
- Consumers
- Developers
Competitors (3)
Composite score
Higher = stronger overall research case
Fundamental68
Technical38
Valuation81
AI relevance96
Risk-adjusted (higher = safer)52
Segment-relative fundamental percentile: 86
Synthetic 1Y price action
Deterministic price series; 50d (yellow) and 200d (orange) MAs shown
3M RS: -2.6%6M RS: -28.4%12M RS: -34.1%Vol30d: 31%DD52w: -22.3%
Financial summary
Curated, illustrative
Revenue
$318.27B
Growth (YoY)
18.3%
Gross margin
68.3%
Operating margin
46.3%
FCF
$37.01B
Capex
$133.13B
Net cash / (debt)
$-47.20B
ROIC
14.8%
Customer conc.
Medium
Valuation
Market cap
$3.13T
Enterprise value
$3.18T
P/E (TTM)
25.1x
Forward P/E
21.8x
EV / Sales
10.0x
EV / EBITDA
17.2x
P / FCF
84.5x
PEG
1.3x
Rule of 40
—
Risks
Severity 1 (low) to 5 (severe)
- 4Capex digestion vs. Azure AI revenue scale
- 3OpenAI dependency / partnership ambiguity
- 3Antitrust scrutiny
Score components
What drove the composite
Growth67
Profitability97
Cash generation51
Balance sheet74
Moat / AI relevance88
Capital intensity (higher = lighter)21
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)29
Momentum (3/6/12m)39
Relative strength34
Realized vol (higher = lower vol)66
Segment peers
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