Microsoft stock has been a millionaire maker for decades, with a stock split-adjusted IPO price of $0.14, which means that at today's stock price around $480, the stock is up about 506,200%. That would have turned a $1,000 investment at Microsoft's initial public offering into about $5.4 million today, including dividends and stock splits. In the past month, Microsoft acquired AI firm Osmos, committed $17.5 billion to expand its cloud and AI infrastructure in India,
For instance, Meta Platforms closed the third quarter with 3.54 billion daily active users and $51.2 billion in revenue. That comes to $14.46 per daily active user. Meanwhile, Snap closed the quarter with 477 million daily active users and $1.51 billion in revenue, which comes to $3.14 per user. Both companies grew their daily active users by 8% year over year.
This year, the company announced it would acquire production facilities from bankrupt electric truck maker Nikola, as well as management changes, including the chief executive stepping down and the chief operating officer becoming interim CEO. Actor Timothée Chalamet was named its first-ever Global Brand Ambassador, and Lucid made a robotaxi deal with Uber. Lucid effected a 1-for-10 reverse stock split, and it announced a major collaboration with AI chipmaker Nvidia Corp. ( NASDAQ: NVDA).
It is up 10% this year, while the broader market is up 14%. That is not characteristic of the stock. In the past five years, it has risen 121%. The market is 89% higher in that time. The stock may not come back because Warren Buffett will not be either. He departs at the end of the year. Greg Abel, who has been the head of Berkshire Hathaway Energy, will replace him as CEO. But Abel is not a stock picker.
After years of being dogged by a poor stock price, Ford Motor Co. ( NYSE: F) shares are up 32% this year, compared to 14% for the S&P 500. And the stock has a yield of 4.6%. Ford's earnings were fine, neither disappointing nor spectacular. Revenue rose 9% to $50.5 billion. Per share earnings increased from $o.22 to $0.60. Although Ford has set a recall record this year that may never be broken, the talk about warranty damage to the bottom line has quieted down.