A new landscape is emerging in the tech investment sector as the market digests the AI spending plans of major tech companies for 2026, with Microsoft's stock appearing relatively inexpensive. Currently, Microsoft's stock has a forward price-to-earnings ratio of 23.0 times, lower than IBM's 23.7 times. Since January 29, Microsoft's P/E ratio has consistently remained below that of IBM, a situation last seen on July 25, 2013.
