(NASDAQ: MSFT) is a big-time winner so far in 2023. Share prices are up 35% since January, largely on investor excitement over artificial intelligence and OpenAI's ChatGPT, which Microsoft is partnered with.
After the stock's price pullback over the past month, investors might wonder whether it's a buying opportunity before heading higher or if the tide is turning and the stock could soon head lower. Unfortunately, nobody knows. The market can be irrational in the short term.
However, investors can look at Microsoft's fundamentals and the stock's valuation to gauge whether shares are attractive for long-term investors. That's the more exciting story anyway, so let's jump in.
Source Fool.com