10 Important AI News and Ratings for Today

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 279

Microsoft Corporation (NASDAQ:MSFT) offers various AI-driven solutions, including cloud services, productivity tools, and business applications, to improve operations and security, alongside substantial investments in AI development.

As reported by TipRanks on January 27, Bernstein analyst Mark Moerdler reiterated a Buy rating on Microsoft (NASDAQ:MSFT) and set a price target of $516. Moerdler’s positive outlook is driven by Microsoft’s strong positioning in the AI sector and its ongoing investment in Azure. Despite a weaker performance last year, he believes the company’s AI and cloud services will fuel growth, with investor interest in these areas remaining robust. Moerdler anticipates that Microsoft’s upcoming earnings report will provide important insights into Azure’s growth and capital expenditures, which will be crucial for evaluating the company’s ability to capitalize on AI opportunities. He also expects Microsoft’s guidance for the second half of the fiscal year to be important for long-term growth.