Schwab Network
02 Nov 2026, 16:30 UTC · 2h ago
Ted Thatcher on Crude Oil's Risk to AI Growth, GOOGL & MSFT Bull Cases
Impact · against what's priced in
The discussion of AI bull cases and crude oil risks is not material to current valuations. The market already incorporates geopolitical disruptions and high discount rates into its pricing for both Alphabet and Microsoft.
- MSFT+0.00
Already priced in
- The price assumes
Continued macro-level headwinds from high interest rates near 4.8% and geopolitical disruption to global shipping
The focus on crude oil as a risk factor is already reflected in the price's assumption of geopolitical disruptions and macro headwinds.
What MSFT's price assumes · Sep 21
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