Reported 15 days ago
Microsoft (MSFT) faced a rare downgrade by D.A. Davidson from Buy to Neutral, amidst concerns about its growing dependence on Nvidia for AI infrastructure and competition from Amazon and Google. The firm maintained its price target at $475, indicating an 8% potential upside. Analysts suggested that both Amazon and Google are catching up in AI capabilities, as they can utilize their own chips to reduce costs, placing Microsoft at a disadvantage. Despite the downgrade, Microsoft stock remained relatively stable.
Source: YAHOO