HJBC I last wrote about Microsoft (NASDAQ:MSFT) on April 30, 2024. I gave it a Hold recommendation, primarily based on valuation concerns and the risks of its strategy not panning out. At the time, I gave it a fair value of $406. After reviewing the company's fourth-quarter fiscal year ("FY") 2024 earnings report, I still believe the stock's fair value is around the low $400s. Microsoft delivered a solid fourth-quarter report on July 30, 2024. With a market cap of $3.07 trillion, it's the world's third- ...