Analysts reset Microsoft stock price targets ahead of highly anticipated earnings [Yahoo! Finance]
Apple Inc. (AAPL)
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Source: Yahoo! Finance
Microsoft MSFT , which overtook Apple AAPL as the world's most-valuable company earlier this year, has extended its market leadership in the artificial-intelligence space with a host of infusions across its personal and business computing product suite as well as its flagship cloud computing division. Cloud spending growth remains a key plank in Microsoft's AI ambitions, as it layers various offerings across its broader tech stack, tied in part to the rollout of its AI-support program called Copilot. Microsoft said earlier this year that AI infusions added around 6 percentage points to the revenue growth of Azure, its flagship cloud product, over the three months ended in December. That was more than double the impact from the prior quarter. Azure growth is estimated to have driven division revenue again in the three months ended in March, as it leveraged gains in both software-as-a-service sales as well as new infrastructure projects targeted to develop generative-AI technolog
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AAPL
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- 5/2/24 - Beat
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- AAPL's page on the SEC website