![]() Coupled with the company's solid fundamentals, Microsoft seems to be a bargain now. Microsoft is currently trading at 26.5 times its earnings, which is significantly below its five-year average of 35.1. The company is already offering a beta version of its cloud gaming service to users of Xbox Game Pass Ultimate (multigaming monthly subscription service). Microsoft is well poised to capture a significant share of this opportunity, thanks to its prowess in cloud infrastructure services. The global cloud gaming market is a high-growth market and is expected to grow annually at a compounded average growth rate (CAGR) of 69% from $1.6 billion in 2021 to $13 billion in 2025. However, even if the deal does not go through, Microsoft has already developed a broad gaming ecosystem comprising Xbox consoles (gaming hardware) and self-owned gaming content. The deal, however, has run into a roadblock since the Federal Trade Commission sued Microsoft for antitrust issues. Microsoft made waves in the gaming industry when it announced the $69 billion acquisition of Activision Blizzard - a move expected to strengthen Microsoft's position in the $170 billion global gaming business across several channels such as console, mobile, personal computer, and cloud gaming. With the global cloud infrastructure services market expected to grow from $73 billion in 2019 to $166.6 billion in 2024, this dominant cloud player has significant room to grow in the coming years. ![]() The company reported a 20% year-over-year jump in intelligent cloud sales in the first quarter of fiscal 2023 (ending Sep. Microsoft's cloud business, Azure, is a major growth driver and accounted for a 21% share of the global cloud infrastructure services market at the end of the third quarter (ending Sep. The company is a force to reckon with in rapidly growing areas such as cloud computing and gaming. Microsoft is one of the more obvious stocks to go for before 2023, despite the stock falling by over 22% this year. ![]() This scenario bodes well for high-growth technology companies such as Microsoft (NASDAQ: MSFT) and Taiwan Semiconductor Manufacturing (NYSE: TSM), which are being affected by high inflation due to an increase in the cost of borrowing for funding expansion projects and reduced long-term earnings and cash flow estimates.Īgainst this backdrop, here's why these two companies can prove to be attractive picks before 2023. The Federal Reserve's stance of slowing down interest rate hikes is indicative of cooling inflation in the coming months. However, investors seem to be getting some relief now, especially since the Federal Reserve hiked the benchmark interest rate by 50 basis points in December 2022, which is lower than the 75 basis points increase announced in the four previous meetings. equity market has seen rough times in 2022. ![]() fingerprint reader) will not work.The U.S. After #2 or #3 occur, the only way to access my phone is through the power button again, biometerics (e.g. The flashing will happen until (1) Android crashes and restarts in factory reset mode, (2) I manually intervene by hitting the power button to turn my screen off, or (3) after about 30 seconds sometime my screen just goes off but phone does not crash. one song ends, goes to the next song in the album), my Pixel screen will continually flash on/off. In addition to the crashing, every time a song advances (e.g. I am experiencing the same issues after installing Android 11 on my Pixel 3.
0 Comments
Leave a Reply. |