Wedbush Sees Microsoft Rebound After Nvidia’s $78B Guide, Salesforce Agentforce Gains
Wedbush argues Nvidia’s $78 billion April-quarter guidance and Salesforce’s Agentforce beginning to generate ≈25% of revenue overturn fears of AI displacing enterprise software, underpinning upside for Microsoft’s application-layer franchises. Ironwood Investment Counsel’s new $22.55 million position in the Akre Focus ETF has minimal direct impact on Microsoft’s valuation.
1. Wedbush Flags AI Selloff Overshoot and Microsoft Upside
Wedbush analysts argue that Nvidia’s $78 billion guidance for the April quarter and Salesforce’s Agentforce progress, forecast to account for roughly 25% of Salesforce’s revenue, signal that fears of foundation models displacing enterprise software have peaked. This structural view highlights Microsoft’s entrenched application-layer position, deep customer relationships and data control as catalysts for a potential valuation re-rating.
2. Ironwood’s $22.55M Stake in Akre Focus ETF
Separately, Ironwood Investment Counsel established a new $22.55 million position in the Akre Focus ETF, making it the fund’s fourth-largest holding at 3.15% of assets under management. With a concentrated 20-stock portfolio and a 0.98% expense ratio, the ETF’s flows are unlikely to materially affect Microsoft’s demand without confirmation of the company’s inclusion in its holdings.