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- Wall St tumbles on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil drops $1 as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
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BMO Capital raises price target on Microsoft (MSFT) on Azure AI opportunities
April 21, 2023 2:40 PM EDTBMO Capital reiterated Market Perform rating on Microsoft (NASDAQ: MSFT) and raised their price target on the stock to $325.00 (From $310.00) after conducting a survey across 100 U.S. IT decision makers around cloud services spend.
The survey responses suggest that ongoing optimization will impact cloud growth through the March quarter of 2024, and workload migrations will slow in CY23. However, analyst Keith Bachman believes that optimization... More
