Microsoft / MSFT
High-quality cloud/AI watch candidate, still unscored and not eligible for new stock-sleeve capital.
Latest primary evidence
FY2026 Q4 revenue grew 18% to USD 90.0bn, operating income grew 18% to USD 40.6bn, Microsoft Cloud revenue grew 27% to USD 59.3bn, Azure grew 43%, and commercial RPO reached USD 678bn.
Unscored follow-upGate before any score
Separate core RPO from concentrated or long-duration commitments, model AI capex and cloud gross-margin pressure, normalize per-share FCF, test OpenAI/Anthropic exposure, and compare valuation against SXR8, GOOGL and TSM.