Microsoft (NASDAQ: MSFT) stock surged higher after reporting earnings for its fiscal third quarter on Tuesday. The software giant has not escaped the effects of the sell-off that has hit its industry or the uncertainty surrounding its metaverse strategy.
Nonetheless, its key role in the cloud and other parts of the software industry has made it one of the world's largest, most powerful companies. Hence, even with its challenges, investors should not write off Microsoft without taking a closer look at the company.
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Source Fool.com