With a YTD gain of just over 10%, Microsoft (MSFT) stock is underperforming the S&P 500 Index ($SPX). The stock’s returns are the second-lowest among the closely followed “Magnificent 7” group, with only Tesla (TSLA) faring worse. Even Alphabet (GOOG), with all its regulatory woes, has performed better – though the Google parent’s stock has also underperformed markets this year. In this article, we’ll see why Microsoft’s stock has underperformed in 2024, and whether the company can make up for lost time in the final quarter of 2024. Microsoft Lost the Crown of the Biggest CompanyWhile the titl…