Melius says Microsoft still has AI juice

Another AI cheerleader joins the chat

Microsoft just got a fresh bullish call from Melius, and the pitch is basically: yes, AI anxiety is real, but that may end up helping the companies already sitting in the best seats.

For Microsoft, that means the market’s ongoing “who wins AI?” debate still leans in its favor. If investors keep rewarding the companies with the biggest distribution, cloud muscle, and enterprise ties, MSFT starts looking less like a tech giant in the crosshairs and more like the adult in the room.

Why investors should care

• Analyst calls don’t move the world on their own, but they do shape the mood music around mega-cap names like Microsoft.
• A bullish take tied to AI leadership can reinforce the idea that the spending spree on chips, cloud, and copilots is still worth it.
• In plain English: when the market gets jumpy about AI, the companies with the most tools, customers, and cash often look even sturdier.

Big picture

This is less “Microsoft got a trophy” and more “the AI trade still has favorites.” And right now, Microsoft keeps showing up on that short list.