Microsoft Stock Voltile After 'Microsoft Product Event 2023': New Copilot And Surface Latops

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00:00 Microsoft restructuring 69 billion acquisition of Acuvision Blizzard opening the door to the biggest ever gaming deal to be cleared here.

00:09 Britain's antitrust regulator said on Friday that the competition and market authority said that Ubisoft's divestment substantially addresses previous concerns here.

00:21 So that's looking like it's going to be able to move forward.

00:24 It's going to go through.

00:24 Also yesterday we got a spike in Microsoft as they unveiled new surface computers and details about Windows 11 at an event in New York on Thursday.

00:35 The company also said it would roll out supplemental artificial intelligence tools for core apps such as Word and Excel.

00:43 I just want to do a little bit of a poll action here from the chat.

00:47 Who is still using Microsoft Word and Excel and not using just Google Sheets?

00:54 I use Excel sometimes, but I'm still using 2003 because I don't want to pay for the new one.

01:02 I'm so cheap that, you know, they want me to subscribe and they put it on my new computers and I got to get rid of it.

01:09 I had the old 2003 program, so I just installed that.

01:12 I mean, it works really well.

01:14 And you know what?

01:14 I've been using 2003 Excel for so long that and all my trading software was built on it, Joel.

01:19 And it's like none of it, like none of it even speaks to the 2023 version because it's 20 years ago here now.

01:26 I mean, they don't support it anymore.

01:27 But, you know, I had all my algorithms built off of it.

01:30 2003 Excel.

01:32 I sent orders using Excel the 2003.

01:35 None of that works.

01:36 I'd have to rewrite all my code and I'm not the best code writer.

01:40 I manipulate code, but I'm not the best writer.

01:42 So I'd probably have to hire somebody on.

01:44 So I'm still around 2003 because I got all my algorithms running on it.

01:48 Well, precipitating this discussion is I made another big purchase.

01:53 I got a new laptop because this one is just...

01:56 I hope it's not an HP.

01:58 No, Dell, baby.

02:01 Dell, baby.

02:02 I'm not telling you about Dell.

02:04 That's all I have.

02:05 Dell, that means you went Intel, right?

02:07 Yeah, whatever.

02:08 Chips inside, whatever.

02:10 And I was prepared when I was talking to them.

02:14 I don't go online trying to do it.

02:16 Like I call someone and I talk to the person on the phone and they're like,

02:19 oh, do you want Microsoft Word?

02:21 I'm like, no.

02:22 I don't I mean, in Excel, I've never been able to figure that thing out.

02:27 And I mean, you got to be like a coding genius to use Excel.

02:32 But I'm just like, is that going to be of a material impact for Microsoft going on down the road?

02:38 I mean, they're still going to sell it.

02:40 Mitch said they're still going to sell it to schools and stuff.

02:44 But I don't know.

02:46 I mean, I don't know.

02:47 I Google and the Google Docs and the Google Sheets and Google this and Google that.

02:52 I don't know.

02:53 I mean, the word that Microsoft into the points of the chat is Microsoft is still widely used in business.

02:59 And you know, I don't use the Google stuff.

03:01 I use the Microsoft stuff, too.

03:02 Again, like I said, I'm using 2003 because of all my stuff that was built on 2003

03:07 and it doesn't speak to it anymore because I never updated.

03:09 But let's just go back and talk about the stock.

03:12 That had to be one of the most ridiculous moves for Microsoft when it announced that little bit of AI stuff.

03:18 It was 315 the stock.

03:22 And then it rallies.

03:23 Joel, do you see it?

03:24 It rallied to 325.

03:25 It rallied 10 points.

03:27 How it goes, eh?

03:29 It rallied 10 points in 30 minutes.

03:32 10 bucks.

03:34 What a gift.

03:35 You're in a bear market, folks.

03:37 Your stock rallies $10 and it's Microsoft?

03:40 Rallying 10 points on some AI crap and surface?

03:44 Yes, sell it.

03:45 Sell, sell.

03:46 That's what you do in that case.

03:48 Really?

03:49 So what do you see?

03:51 Look at your top left chart.

03:52 You can see the move, Joel.

03:53 Oh, yeah.

03:55 10 bucks, 30 minutes for Microsoft.

03:58 This isn't some penny stock.

04:00 It's Microsoft.

04:01 That was a 3% move intraday.

04:03 That was a gift, man.

04:05 That was a gift.

04:06 Wow.

04:07 Sell, one of ours.

04:08 Sell.

04:10 That was-- well, market conditions didn't really help that either.

04:14 That's another thing with it being the second biggest component in the S&P 500.

04:19 So the indexes were like, oh, this is good.

04:23 I'll sell.

04:23 Yeah, I'll sell Microsoft.

04:24 What I was referring to-- I mean, you talk about the ridiculous AI move.

04:28 How about, like, when did they announce their-- whatever they were doing and Google had that, what,

04:35 BARD or whatever had the bad thing?

04:37 That took it up.

04:39 Oh, this was this rally here in July, was it?

04:42 Back in July when it went to its all-time high?

04:44 Yeah, well, that was when we were in the AI bubble, though.

04:46 So that was different.

04:47 Yeah, that's when you used to believe AI.

04:48 That was in the whole, like, hype.

04:50 Like, the AI bubble popped and burst.

04:52 So stocks can't be popping 10 bucks on AI stuff now.

04:55 They're going to get sold.

04:56 And the stock was sold.

04:57 It's not all the way back down to where it was.

04:59 And we've bounced.

05:00 The S&Ps have bounced a little bit here this morning.

05:02 But I think the path of least resistance for Microsoft is much lower.

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