"Shares of Microsoft (NASDAQ:MSFT) gained 2.30% over the past five trading sessions after losing 0.82% the five prior. That brings MSFT's year-to-date gain to 24.16%, including a nearly 47% gain since its year -to-date low on April 8. The company's reported strong Q2 earnings on July 30. The Magnificent Seven mainstay reported EPS of $3.65 versus analysts' expectations of $3.35, while quarterly revenue came in at $76.44 billion."
"On June 5, it was reported that the company will be expanding its AI and cloud investments in Switzerland, committing $400 million to expand its data center infrastructure in the European nation. The additional capacity is expected to support more than 50,000 current customers and expand the availability of AI services for more sectors, including health care, finance government. Microsoft is capitalizing on its Azure platform's momentum as revenue jumped 33% in FY25 Q3, driven by AI services."
"In August, Truist raised its price target on Microsoft to $675 from $650 while keeping a "Buy" rating. That follows price target upgrades that came i n July. Citi raised its price target on Microsoft to $613 from $605 while keeping a "Buy" rating. Piper Sandler raised its price target for MSFT to $600 from $475 while keeping an "Overweight" rating."
Microsoft shares gained 2.30% over the past five trading sessions after a prior 0.82% decline, bringing year-to-date gains to 24.16% and nearly 47% since the April 8 low. Q2 earnings showed EPS of $3.65 versus $3.35 expected and revenue of $76.44 billion. Azure revenue jumped 33% in FY25 Q3, driven by AI services. Microsoft committed $400 million to expand data center infrastructure in Switzerland to support over 50,000 customers and broaden AI service availability across health care, finance, and government. Multiple firms raised price targets while Microsoft cut about 3% of its workforce for cost discipline.
Read at 24/7 Wall St.
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