Billionaire 'bond king' Bill Gross tells investors to avoid tech and stick to value stocks

• Billionaire "bond king" Bill Gross told investors to avoid tech stocks and stick to value stocks.

• Microsoft is the only buy if investors must dabble in the tech sector, he said.

• Gross also questioned the rationale for owning bonds. Yields spiked Thursday after the GDP report.

Bill Gross says investors should avoid tech stocks.

In a post on X, the "bond king" said, "Stick to value stocks, avoid tech for now."

His message comes as a weaker-than-expected GDP report also showed that consumer prices remained high in the first quarter. Bond yields jumped on the data, and the tech sector dropped, with the Nasdaq Composite down more than 1% Thursday afternoon.

Gross said that if investors have to dabble in tech, go with Microsoft: "MSFT best in tech if you must."

Expectations for the tech titan's earnings after the bell on Thursday are high as Wall Street eyes momentum in its Azure, Copilot, and office 365 units.