Popular Wall Street analyst who claims he has analysed 84 Microsoft earnings calls, from Steve Ballmer through Satya Nadella, says market is missing something as billions wiped from company’s stock – The Times of India

A Wall Street analyst who says he has studied 84 Microsoft earnings calls over the years has claimed that investors may be missing a key shift in the company’s strategy, even as billions have been wiped from its market value. The analysis, shared by EMJ Capital founder Eric Jackson on X (formerly Twitter), tracks Microsoft’s communication from the era of former CEO Steve Ballmer to current CEO Satya Nadella. Jackson said that for the first time in nearly a decade, the company’s messaging around artificial intelligence is moving ahead of its actual financial performance.In the post, Jackson said Microsoft has moved from what he described as a “Cash Machine” phase — where statements were closely tied to financial results — to an “AI Tailwind” phase.“I analyzed 84 Microsoft earnings calls from Ballmer through Nadella. My system detected something the Street is missing,” he said. “Satya’s language is ahead of his numbers for the first time in a decade.”