The article discusses the variability in performance among the Magnificent 7 tech stocks, particularly focusing on Microsoft and its struggles to maintain price levels. While Nvidia has outperformed, Microsoft's stock has seen fluctuations, trading between $400-$450 over the past year. Despite these challenges, analysts remain optimistic, offering 'buy' ratings and predicting a rise in price target to $520-$550 due to promising developments in artificial intelligence that could enhance Microsoft's Azure services. This optimism is juxtaposed with Apple's steady bullish trajectory, underscoring the distinct performance patterns within the Magnificent 7.
Microsoft has been trading between $400-$450 over the past 12 months, last reaching resistance at $450 in mid-January before falling back to $400-$410.
Analysts are giving Microsoft multiple 'buy' ratings, anticipating a price target range as high as $520-$550 based on recent AI developments.
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