"Goldman Sachs now has a buy rating on Microsoft with a $600 price target, stating that Microsoft's growth story remains intact and the risk is already priced in."
"Microsoft Azure has become one of the leading platforms powering the transition to cloud operations, and investors are keen to see if AI spending translates into revenue growth."
"Amazon's CEO Andy Jassy expressed strong conviction in the potential of AI, stating that concerns about over-hyping and margins are unfounded for Amazon."
Major indices are showing little movement ahead of earnings reports from Microsoft and Amazon. The S&P 500 is slightly down, while the Nasdaq shows a modest gain. Analysts are optimistic about Microsoft's earnings, with Goldman Sachs issuing a buy rating and a $600 price target, citing strong growth in its Azure cloud platform. Amazon's CEO expresses confidence in the company's AI-driven growth, dismissing concerns about over-hyping and emphasizing the strong revenue potential of AWS's AI segment.
Read at 24/7 Wall St.
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