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- S&P 500 ends lower; chips tumble and Moderna rallies
- SpaceX weighs Starlink mobile service to US consumers, FT reports
- U.S. chip stocks retreat after Apple price hikes stoke fears over AI trade
- Morgan Stanley flags Fed hike risk if unemployment drops below 4%
- UBS trims AI portfolio exposure to semis and hardware after recent rally
Microsoft (MSFT) is a 'share gainer' claims Morgan Stanley analyst
January 11, 2023 1:18 PM ESTIn a note to clients Wednesday, Morgan Stanley analyst Keith Weiss defended Microsoft (NASDAQ: MSFT), saying the company is not immune to macro headwinds, but it is well-positioned.
Weiss, who has an Overweight rating and a $307 price target on the stock, told investors in his research memo that moderating IT and software budget growth and an unfavorable up-to-down budget revision expectation creates a challenging backdrop into CY23. However, Morgan Stanley sees... More
