Hightower's investment strategist Stephanie Link dropped an interesting take recently: she believes Wall Street is seriously undervaluing what Microsoft has built in the AI space.

It's a bold call, especially when everyone's buzzing about AI infrastructure plays. But Link's argument centers on how the market isn't properly pricing in Microsoft's integrated AI ecosystem—from Azure's enterprise dominance to their OpenAI partnership that's reshaping productivity tools.

While tech stocks have been volatile lately, her thesis suggests there's a disconnect between Microsoft's actual AI revenue streams and how traders are valuing the stock. The company's positioned differently than pure-play AI startups—they've got distribution, enterprise relationships, and monetization channels already firing.

Worth noting: institutional investors like Link don't typically make these public calls without conviction. Could be an early signal that Microsoft's AI moat is deeper than current multiples reflect.