Microsoft Malaise
Quick Read
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A potential U.S.-Iran peace deal is fading geopolitical risk fast, sending oil down 3% to $80 a barrel while markets hold near all-time highs.
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SpaceX (SPCX) surges another 8% premarket, pushing its $2.74 trillion market cap past Amazon (AMZN) and within striking distance of Microsoft.
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Mobileye (MBLY) launches its own autonomous ride-hailing service next year, putting it in direct competition with Alphabet's (GOOGL) Waymo.
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Microsoft (NASDAQ:MSFT | MSFT Price Prediction) is the rare mega-cap where five years of waiting has barely moved the stock price, but the business underneath looks nothing like it did in 2021. Shares sit at $399 today versus $341 five years ago, a modest gain that masks a 109% surge in EPS, from $8.05 to $16.80, while the P/E multiple has collapsed 37.5%, from 37.9x down to 23.7x. The stock isn’t expensive because it grew into a higher valuation; it’s gotten cheaper while the fundamentals did all the work.
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ChatGPT’s grip on the AI chatbot market is loosening, with its global market share dropping below 50% for the first time, according to TechCrunch. Sensor Tower data through the end of May shows ChatGPT still leading the pack at 46.4% with over 1.1 billion monthly users, but Gemini has climbed to 27.7% with 662 million users, while Claude holds 10.3% with 245 million, and the remaining players, including Grok, Perplexity, DeepSeek, and Meta AI, each sit under 5%. ChatGPT was above the 50% mark as recently as January, and the erosion appears tied to a few factors, not least users increasingly bouncing between assistants rather than committing to one.
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Wells Fargo is joining the chorus of bullish year-end calls, lifting its 2026 S&P 500 target to a range of 7,800 to 8,000 from a prior 7,400 to 7,600. The firm also unveiled its initial 2027 target, setting a range of 8,600 to 8,800, signaling continued confidence that the market’s upward trajectory has room to extend beyond this year.
Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
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