MSFT around $378. Falling knife or finally reasonable?

I’ve avoided adding to MSFT during most of this selloff, but around $378 it’s getting harder to ignore. The whole software sector on moomoo is bloody red, which has been treated like AI is about to destroy every existing business model. CRM, NOW, ADBE and even MSFT have all been hit hard, while the broader market hasn’t looked nearly as bad. MSFT’s business still looks solid. Revenue rose 18% last quarter, operating income grew 20%, and Azure growth remained strong. The bigger concern is whether the company’s massive AI spending will generate enough return to justify the investment. The stock is now trading much closer to a normal market multiple than the premium valuation investors were used to paying. That sounds attractive, but software still has zero momentum and there may be more forced selling ahead. What would you say?