Actually you pick any study and Microsoft has the most diverse set of tech businesses that make 10s of billions. Sure one company or one product's revenue from other top tech might exceeds several of those combined. However, purely from a stock investor point of view, MSFT is considered the most diverse and it's stock coming down would require several of those to fail, not one.
Mostly people say cloud naively, without realizing that the enterprise + cloud mix kind of gives Micorosft an industry of its own.
Sovereign clouds are going to be the next on prem set of engerprise services. No one comes close to MS in that.
Security and identity are now almost products of their own. AAD doesn't compete with aws identity (though it's doing pretty well there too), but rather compares to auth0 (now Okta).
All in all very broad with the opportunity of growth in most business areas
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Mostly people say cloud naively, without realizing that the enterprise + cloud mix kind of gives Micorosft an industry of its own.
Sovereign clouds are going to be the next on prem set of engerprise services. No one comes close to MS in that.
Security and identity are now almost products of their own. AAD doesn't compete with aws identity (though it's doing pretty well there too), but rather compares to auth0 (now Okta).
All in all very broad with the opportunity of growth in most business areas