In a recent report by Citi, the target for Microsoft (MSFT) has been raised due to the positive impact of OpenAI on Azure. OpenAI’s collaboration with Microsoft has led to increased optimism about the company’s future prospects, particularly in the realm of artificial intelligence. Citi’s analysis highlights the significant advancements that Microsoft has made in … Read more
Microsoft recently presented at a Citi event where they discussed their goals and partnership with OpenAI in utilizing Azure, their cloud computing platform. The focus was on how OpenAI’s positive outlook on Azure could potentially lead to more collaborations and advancements in the field of artificial intelligence. During the presentation, Microsoft highlighted their strategic partnership … Read more
Citi analysts have raised their price target for Microsoft stock to $520 from $495, while maintaining a Buy rating. This increase follows positive headlines from OpenAI, suggesting strength in Microsoft’s Azure cloud platform, but Citi notes that expenses may be underestimated. Recent reports indicate OpenAI has doubled its annualized revenue to $3.4 billion, with expanded … Read more
Citi analysts recently raised their target price for Microsoft to $520 from $495 while maintaining a Buy rating on the stock. They highlighted positive news from OpenAI regarding Microsoft’s Azure but expressed concerns about potentially underestimated expenses. OpenAI has reported significant revenue growth and cloud capacity contracts with ORCL, but analysts warn that consensus estimates … Read more
© Reuters. On Wednesday, Citi maintained its Buy rating on Broadcom Limited (NASDAQ:) with a steady price target of $1,560.00. The firm’s confidence stems from a recent investor meeting with Broadcom CEO Hock Tan, during which he conveyed a strong outlook for artificial intelligence spending. According to Tan, the demand for AI accelerators and networking … Read more