Microsoft (MSFT) creating own AI chip in a bid to save time and money - The Information

Microsoft (MSFT) price targets raised at Citi and BofA ahead of next week's earnings release

April 19, 2023 1:55 PM EDT

Analysts at BofA and Citi raised their price targets for Microsoft (NASDAQ: MSFT) and reiterated Buy ratings on the stock ahead of the tech giant's earnings release next week.

BofA Brad Sills analyst lifted the price target to $320 from $300, telling investors that they expect some topline downside from PCs.

"We... More

Microsoft (MSFT) Readies AI Chip as Machine Learning Costs Surge - The Information

April 18, 2023 9:02 AM EDT

(Updated - April 18, 2023 9:04 AM EDT)

Microsoft (NASDAQ: MSFT) Readies AI Chip as Machine Learning Costs Surge - The Information

NVIDIA (NASDAQ: NVDA) Shares on Watch

Microsoft has secret weapon in its arsenal: its own artificial intelligence chip Has been developing the chip since as early as 2019 - sources... More

TD Cowen checks point to elevated headwinds for Microsoft (MSFT) Azure and Windows

April 18, 2023 8:24 AM EDT

TD Cowen's checks point to continued elevated headwinds for Microsoft (NASDAQ: MSFT) Azure and Windows, analyst Derrick Wood said in a note Tuesday. However, he maintained an Outperform rating on the stock and raised the price target to $300 from $285.

The analyst explained that third-party data showed a "continued high level of deceleration in... More

Microsoft (MSFT) PT Raised to $325 at Jefferies; sees tough set-up

April 18, 2023 7:52 AM EDT

Jefferies analyst Brent Thill raised the price target on Microsoft (NASDAQ: MSFT) to $325.00 (from $310.00) while maintaining a Buy rating.

"Constant currency rev growth likely remains pressured with tough comps/ macro headwinds amplified by weak PC shipments. Investor focus remains on Azure growth... More

Goldman Sachs Reiterates Conviction Buy Rating on Microsoft (MSFT) Into Q3 Results

April 18, 2023 6:51 AM EDT

Goldman Sachs analyst Kash Rangan reiterated a Conviction Buy rating and $325.00 price target on Microsoft (NASDAQ: MSFT) ahead of earnings on 04/25. The analyst remains constructive on Azure growth and potential stabilization ahead.

The analyst commented, "Heading into the quarter, the Street has been concerned with the expectation of ~700bps of sequential deceleration in Azure y/y CC revenue growth driven by increased cloud optimization efforts. This has led to... More

Apple (AAPL) to benefit from AI search wars - BofA

April 18, 2023 6:26 AM EDT

Alphabet (NASDAQ: GOOGL) shares fell 2.7% yesterday on the New York Times report that the worlds largest smartphone producer Samsung is considering replacing the companys search engine with Microsofts (NASDAQ: MSFT) Bing.

Barclays analyst Ross Sandler forecasts that Samsung represents about $20 billion of Googles gross revenue and $7.3B of operating income (9% of '23 total OI).

For BofA analyst Wamsi Mohan, Apple (NASDAQ:... More

Microsoft (MSFT) PT Raised to $300 at TD Cowen; Checks point to continued elevated headwinds for Azure & Windows

April 18, 2023 2:57 AM EDT

TD Cowen analyst J. Derrick Wood raised the price target on Microsoft (NASDAQ: MSFT) to $300.00 (from $285.00) while maintaining an Outperform rating.

"Our checks point to continued elevated headwinds for Azure & Windows, and while we think this was appropriately modeled for... More