Investors say 'safest' software play Microsoft looks cheap at current prices

Two investors told CNBC's 'Halftime Report' on Wednesday that they recently added to their positions in Microsoft, considering the tech giant the 'safest' software play that appears undervalued at current market prices. The investors highlighted Microsoft's strong fundamentals and diversified business model as key factors supporting their bullish stance, pointing to the company's cloud computing division, Azure, which continues to experience robust growth, as well as its enterprise software offerings and gaming segment. Microsoft's consistent performance through market volatility has positioned it as a defensive stock in the technology sector, appealing to risk-averse investors seeking stability during uncertain economic times. This endorsement comes at a time when technology stocks have faced increased scrutiny due to concerns over rising interest rates and potential economic slowdown, with Microsoft's relatively lower valuation compared to other major tech companies attracting value investors who see growth potential at current price levels.