Burry's Microsoft Dip Buy Targets Q3 Earnings at $424 Amid AI Growth Focus

Microsoft Corp shares trade at $424.15, down 12.3% YTD and 22% below July 2025 highs, as Michael Burry's April 23 Substack disclosure of a new long position spotlights a contrarian bet ahead of April 29 Q3 FY26 earnings. Initially reported April 24 after a 13% YTD drop and 24% off 52-week highs, Burry also added to software peers like Adobe (up 6.55%), Veeva (4.64%), PayPal (16.56%), and Salesforce (10.41%) from recent bottoms. Markets eye Azure's 37-38% growth guidance, $29.9B CapEx (up 89% YoY), and Copilot's 15M paid seats (up 160% YoY) for a potential re-rating.