"Shares of Microsoft (NASDAQ:MSFT) lost 0.82% over the past five trading sessions after gaining 1.07% the five prior. That brings MSFT's year-to-date gain to 20.94%, including nearly 43% 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."
"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."
"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."
Shares of Microsoft lost 0.82% over the past five trading sessions after gaining 1.07% in the prior five, bringing a year-to-date gain of 20.94% and nearly 43% since the April 8 low. The company reported Q2 EPS of $3.65 versus analysts' $3.35 and quarterly revenue of $76.44 billion. Analysts raised price targets: Truist to $675, Citi to $613, and Piper Sandler to $600. Microsoft committed $400 million to expand Swiss data-center infrastructure, supporting over 50,000 customers and broadening AI services for health care, finance, and government. Azure revenue jumped 33% in FY25 Q3, driven by AI. The company took an $800 million Q1 charge related to a now-shuttered robotaxi investment and reduced the workforce by about 3% to enforce cost discipline.
Read at 24/7 Wall St.
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