Investing.com -- Mizuho TMT specialist Jordan Klein is making Microsoft his top software long into year-end, citing the potential for Azure to surpass 50% growth as additional capacity comes online. On the AI front, he sees asymmetric upside through Microsoft's relationship with OpenAI: "If OAI does anything good, MSFT benefits. That relative underperformance, combined with what he views as a reasonable valuation, makes the setup more compelling than the louder names in software. On the crowded end of software, Klein sees diminishing returns. Infrastructure and cybersecurity names, Snowflake, CrowdStrike, Cloudflare, Twilio, Datadog, and Palo Alto Networks, remain heavily owned with no signs of investor capitulation.