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- S&P 500 falls as AI worries hit software makers
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- Qualcomm stock surges 9.5% on Amazon AI deal & 25M share warrant
- Energy stocks rise premarket as oil prices climb on Middle East supply fears
- Novartis shares plunge 10% as failed drug trial clouds growth outlook
- Harry and Meghan surprised by King Charles' letter on their status
- Citi initiates UiPath coverage with Buy rating and $23 target
- S&P 500 falls as AI worries hit software makers
- WestPark Capital Starts Akebia Therapeutics (AKBA) at Buy
- After an 18% summer selloff in chip stocks, Citi asks what comes next
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Evercore ISI Positive on Microsoft (MSFT): 'The Trend Is Your Friend...Long-Term AI Opportunity'
March 7, 2024 4:58 AM ESTEvercore ISI analyst Kirk Materne reiterated an Outperform rating and $475.00 price target on Microsoft (NASDAQ: MSFT)
The analyst comments "As we pass the one-year anniversary point of Microsofts very first Copilot announcement, the Copilot For the Web, we wanted to update our long-term Gen AI framework that we initially published in June 2023. Since our first report Microsoft has made significant headway around Gen AI monetization and we now have greater clarity into pricing for... More
