Futures muted, OpenAI and Reddit strike deal - what's moving markets

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Microsoft (MSFT) PT Raised to $500 at RBC Capital

May 17, 2024 5:01 AM EDT

RBC Capital analyst Kash Rangan raised the price target on Microsoft (NASDAQ: MSFT) to $500.00 (from $450.00) while maintaining a Outperform rating.

The analyst comments "AI remains one of the most important drivers for Microsoft Microsoft continues to invest aggressively in AI, given the market... More