MSFT and AMZN $Amazon.com(AMZN)$ are my top two mega cap earnings watches this week. Microsoft pulling back into previous resistance as Azure starts to present AI use cases and OpenAI starts to ramp their enterprise product is a good opportunity. Reports say there’s over 750,000 Enterprise users already, more than quadrupling since the start of the year. I expect this trend to continue for years to come. Microsoft has been red 3 weeks in a row going on 4 next week, it didn’t even do that during the October 2023 low. Still can’t believe the FTC let them buy 49% of OpenAI, think 5-10 years down the road that’ll be looked back at as one of the best deals of our time up there with YouTube and Instagram.
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