Microsoft ( MSFT 0.95% ) stock has been on a tear ever since the tech giant reported its fiscal 2025 third-quarter earnings on April 30. The stock soared by 16.5% in May and is now just a few percentage points below its all-time high.

Despite that run-up, there are plenty of reasons to believe that this growth stock is still a good value for long-term investors.

Growing on multiple fronts

Microsoft has made a monster comeback in 2025, even relative to other "Magnificent Seven" stocks . That group of megacap tech-focused companies has led the major stock market indexes -- including the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) -- to new heights in recent years.

What separates Microsoft from other growth stocks is its business model.

Microsof

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