Wall Street pros say there's more room to grow with stock markets around record highs.
Microsoft plans to announce several pieces of hardware and software related to consumer devices on Monday at an event at its Redmond, Washington, campus. The Windows maker is expected to reveal a new version of its Surface Pro tablet and Surface Laptop that feature Qualcomm chips based on Arm Holdings' architecture. After Intel's processors dominated the personal computer market for decades, Qualcomm and other makers of lower-power Arm components have tried to compete in the Windows-PC market.
"There is no God-given right to exist if you don’t have anything relevant," Nadella tells Fortune's Jeremy Kahn.