Microsoft shares have decreased by 0.21% recently, halting a significant rally of nearly 479% since its April low. The company reported strong Q2 earnings with an EPS of $3.65 and revenue of $76.44 billion, which exceeds expectations. Despite planning to lay off 3% of its workforce, Microsoft is intensifying its investments in AI and cloud services, including a $400 million commitment to expand its data center in Switzerland. Analysts have elevated price targets due to the company's ongoing growth prospects, particularly in cloud technology.
Microsoft's reported Q2 earnings showed an EPS of $3.65 against expectations of $3.35, with revenues at $76.44 billion, demonstrating robust financial health.
Analysts are optimistic about Microsoft, as Citi raised its price target to $613 and Piper Sandler to $600, reflecting confidence in the company's growth trajectory.
The company's investment of $400 million in Switzerland for AI and cloud infrastructure is projected to enhance service availability for over 50,000 customers across various sectors.
Despite a recent $800 million charge from the Cruise initiative, Microsoft's focus on AI and cloud technologies continues to drive positive sentiment among investors.
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