Microsoft's decades-long battle with EU antitrust regulators
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June 25, 2024 8:59 AM EDT
Goldman Sachs reiterated its Buy rating on Microsoft (NASDAQ: MSFT) with a $515 price target in a note this week, citing strong returns on the company's investments in Generative AI (Gen-AI).
While some investors are concerned about the return on investment (ROI) for Gen-AI, Goldman Sachs sees parallels to the company's successful Azure cloud computing build-out.
"We draw several parallels to the Azure infrastructure build-out in which Azure CapEx intensity (CapEx / Azure Revenue) stabilized... More
June 25, 2024 8:18 AM EDT
Microsoft Corp. (NASDAQ: MSFT) could face a major fine from the European Union after regulators accused the company of abusing its market power by bundling the Teams video-conferencing app with its other business software.
The European Commission, EUs executive arm, issued a statement of objections, alleging that Microsoft's practice of including Teams with its Office 365 and Microsoft 365 packages violated the blocs competition rules.
The EU regulator stated that since at least 2019, Microsoft's actions... More
