Microsoft Is Down 25% From Its High While the Nasdaq Blasts Off. Burry and Ives Say That Is the Opportunity

The article notes a strong tech-led rally that has the US Tech 100 (Nasdaq 100) and US SP 500 pushing higher while Microsoft has lagged, trading more than 25% below its prior high. Despite a small intra-day dip (~0.6%) for Microsoft amid a broader >1% gain in the Nasdaq 100, analysts such as Dan Ives and investor Michael Burry view Microsoft as a buy‑the‑dip candidate given Azure, Copilot and Agent 365 catalysts. The piece frames Microsoft’s weakness as a relative discount and a potential opportunity if enterprise AI adoption boosts cloud demand, suggesting upside to valuation multiples (Ives cites a possible return to ~35–40x trailing P/E). Market impact: the tech rally is lifting major indices, but select large-cap software names (notably Microsoft) present asymmetric risk/reward opportunities for investors looking to add exposure on weakness.