Microsoft Stock up After ChatGPT Investor Says AI Boosted Cloud Sales
Microsoft CEO Satya Nadella said AI fueled growth in the tech giant's Azure cloud business and Bing search engine last quarter.
Stay updated with breaking news from Microsoft Stock. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Microsoft CEO Satya Nadella said AI fueled growth in the tech giant's Azure cloud business and Bing search engine last quarter.
"Nadella and Co. delivered another masterpiece cloud quarter which will be the focus of the Street and sets a positive tone," Wedbush said.
Miscroft stock looks attractive as we raise our fair value estimate to $325.
Tesla Inc finished down 1.5% after the automaker raised its 2023 capital expenditure forecast to ramp up output.
Wedbush analyst Dan Ives boosted his Microsoft price target to $315 from $290, representing potential upside of 12% from current levels.