Microsoft is now cheaper than the April 2025 Tariff crash, yet TTM EPS is up 30%. Huge bargain

I had previously sold off Microsoft at $460, but I think they are probably one of the biggest bargains in big tech right now:

• Very favorable exposure to OpenAI(20% revenue sharing agreement and rights to their models). Even if OpenAI keeps burning cash, they are benefitting from their top line revenue growth. When the revenue share agreement expires, OpenAI will likely achieve profitability, at which point Microsoft's ~25% OpenAI stake will be worth a lot.

• Very strong Azure cloud growth

• Enterprise software remains strong.

• Despite the initial flop of Copilot, it's been improving a lot in recent months. Anecdotally, I know of a lot of people across a wide variety of professions that have started using it and are satisfied with the results.

• They are beginning to roll out custom AI chips to compete with Nvidia.

• Capex is well balanced, IMO. Not excessively aggressive like Google or Meta, but still significant enough to maintain growth while avoiding excessive risk. They are saving enough free cash flow to cover dividend and a small amount of buybacks without relying on Debt.

• Shift from fixed cost billing to usage based billing on their AI products will likely result in substantial revenue growth.

I can easily see MSFT doubling in value in 1-2 years with how cheap they are right now.