MSFT was unfairly punished for its software pricing. The problem is: no one can be sure what the average PE ratio for software is. In fact, everyone is worried that any multiple they assign is too high. On the one hand, they don't believe in AI; on the other hand, they feel AI will slaughter the software industry. In reality, software will become like "airlines" rather than "pharmaceutical companies" in the future. The days of selling high margins with copyright are over. Every company needs heavy asset investment, operation and management, and to sell tokens.