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Microsoft Corporation

HYPERSCALER · NASDAQ · PEER OF ORCL

◆ THESIS
  • Strongest balance sheet of the cohort but same chip dependency. Most resilient name in the AI hyperscaler universe to a Taiwan event because it can absorb capex pause.

◆ PEER PICK

Strongest balance sheet in the hyperscaler cohort. Capex-to-sales 47%, lowest of the four cloud majors. Most resilient to a capex pause. Reference point for the cohort.

◆ TAGGED EVENTS
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