Bernstein Analyst Identifies Potential Bottom for Microsoft Shares

Mark Moerdler suggests current price levels offer an attractive entry point for investors. The analyst expects the company to begin realizing returns from its significant capital expenditures.

• Bernstein analyst Mark Moerdler views MSFT as having a favorable entry point
• Thesis relies on the transition from capex spending to revenue realization
• Focus remains on the benefits derived from infrastructure investments
• Analysis suggests the stock may have reached a cyclical bottom