The second-largest company on earth, Microsoft (NASDAQ: MSFT), has had quite a year, as its stock has risen roughly 40% in 2023. That's an incredible performance for a company worth nearly $2.5 trillion, but it makes many investors question if there is room for more.
Questions about the economy's stability, rising interest rates, plus the market becoming expensive make many investors question if there are better stocks out there. With Microsoft making up nearly 10% of the Nasdaq-100 and just under 7% of the S 500, it's an excellent bellwether stock for determining how far the markets have left to run. Let's find out if Microsoft has peaked or if other drivers can push it even higher in 2023.
Microsoft has its hands in several areas. Most people with a computer are familiar with the Microsoft Office products that come standard on nearly every device. But it also has other products like its Azure cloud computing product, Xbox, and advertising revenue from LinkedIn.
Source Fool.com