United Kingdom, March 30 -- Microsoft's AI strategy will "ultimately be vindicated", according to an investment expert.

The technology giant is on course for its worst quarterly performance since the global financial crisis - but Jake Seltz, a portfolio manager at Allspring Global Investments, has still struck an optimistic note about the company's long-term prospects.

He told Bloomberg: "I think the stock has a lot of long-term value.

"Its AI strategy will ultimately be vindicated, and I think it is largely insulated from the biggest AI disruption fears. In the meantime, those concerns are creating an opportunity, especially if you're willing to have some patience."

However, not all analysts share that confidence. Ben Reitzes of Meli...