European stocks retreat ahead of key inflation release; HSBC falls
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- S&P 500 ends lower; chips tumble and Moderna rallies
- SpaceX weighs Starlink mobile service to US consumers, FT reports
- U.S. chip stocks retreat after Apple price hikes stoke fears over AI trade
- Morgan Stanley flags Fed hike risk if unemployment drops below 4%
- UBS trims AI portfolio exposure to semis and hardware after recent rally
Microsoft (MSFT) PT Raised to $500 at RBC Capital
May 17, 2024 5:01 AM EDTRBC 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

