The company continues topost strong earningsamid an increasingly diversified business, maintains a market capitalization of nearly $2 trillion. It is one of the few mega-cap tech stocks that pays a dividend (current yield: 0.94%). Plus, Microsoft’s current price-to-earnings ratio of 27 makes the stock look reasonably priced at its current level of $263.08 a share.

Despite the market turmoil this year and challenges ranging from supply chain constraints to high inflation, Microsoft continues to diversify and grow its various businesses — from its$68 billion acquisitionof video game makerActivision Blizzard(NASDAQ:ATVI) to its Azure cloud computing segment.

Its most recent quarterly results showed that revenues for the Azure cloud unit grew 40% from a year earlier, which was faster than any of its competitors’ cloud computing divisions. Any way you look at it, Microsoft keeps firing on all cylinders.

$Microsoft(MSFT)$