Microsoft's $392 Billion Cloud Backlog Could Be a Hidden Goldmine

Microsoft (NASDAQ: MSFT) is currently locked in a battle with Apple (NASDAQ: AAPL) to be the world's second-largest company. However, with results like the ones Microsoft just announced, Apple is clearly outclassed. Microsoft just announced some incredible results and put on a clinic for investors, but chief among its announcements was its $392 billion backlog in cloud computing.A metric like that makes it clear that we're just in the beginning days of the artificial intelligence megatrend, and if you think that 2025 will be the end, you're mistaken. Microsoft's stock still has a ton of room to run, and if it can convert on its backlog, it will become one of the largest cash cows in the world.Image source: Microsoft.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool