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HSBC says Microsoft's valuation remains 'attractive'

April 24, 2024 9:06 AM EDT

In a note to clients Wednesday, HSBC said that Microsoft's (NASDAQ: MSFT) current valuation is attractive due to its strategic focus on monetizing its artificial intelligence (AI) initiatives.

The endorsement comes in light of Microsoft's pivotal partnership with Coca-Cola, where AI adoption has played a role in expanding the collaboration from a... More