What did Wealthion say about $MSFT? — the claim, the clip, the other side

$MSFTBear claim

WealthionANALYSTJul 9, 2026

The claim

“MSFT has become a capital-intensive railroad-like business and should not trade at 50x P/E — overvalued.”

Why he says it — point by point

FAVORABLE & AGAINST · BOTH KEPT

they're basically building the same thing, the railroad company. And when will they be trading at the railroad multiple?

they shouldn't be trading at 50 pees.

target · 50×

Direction

Bearish

Catalyst

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Target

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“MSFT has become a capital-intensive railroad-like business and should not trade at 50x P/E — overvalued.”

From "Supercycle = Gold & Silver to 7X. Jeff Currie with Steven Feldman on Open Position"

Publish-day price $$384.36 · the claim is anchored to the moment it was said.