Reported 2 days ago
Analysts have revised Microsoft’s stock price targets due to its significant investments in artificial intelligence and related technologies, which have led to concerns about returns. Microsoft's acquisition of Nvidia AI chips has doubled that of its closest rival, and while the company reported strong fiscal results, its revenue forecast fell short of expectations. Analysts from firms like Stifel and UBS have increased their price targets amid signs of revenue growth acceleration and a solid economic outlook, while highlighting the ongoing challenges in supply and demand for AI chips.
Source: YAHOO