Microsoft is everywhere — in your office, on your phone, on the server your company pays to store secrets, and increasingly inside the software that now promises to write your emails, prepare your slide decks, and summarize your meetings for you. The question investors keep asking is simple: with AI hype, bold pricing moves, massive capital spending, and new competitors closing in, is Microsoft still a safe place to park cash — or is the stock simply riding a narrative that’s already priced...