Microsoft Corporation (NASDAQ: MSFT) recently surpassed Wall Street’s estimates for its fiscal third quarter, thanks to a robust performance by its cloud computing units (Investor’s Business Daily). As of April 26, 2023, Keith Weiss, a prominent Morgan Stanley analyst, expressed that he has a positive outlook on Microsoft. He maintained his strong belief in MSFT, according to the Best Stocks report. Despite a regulatory roadblock, Microsoft’s AI initiatives are driving investors’ excitement, which is reflected in the surging MSFT stock price (InvestorPlace).
Microsoft’s Azure cloud revenue topped analysts’ estimates, and the company indicated it would keep investing in artificial intelligence. MSFT stock is lower by -0.06% over the last 12 months, but this has not deterred Wall Street analysts from rating it a Strong Buy (InvestorsObserver). However, in the last week, MSFT has lowered by -2.58%, raising a question for investors – should they buy Microsoft Corp (MSFT) stock now? (InvestorsObserver).
Meanwhile, Microsoft’s decision to acquire Activision is seen as a strategic move by investors, and its acquisition is still underway. The company advanced a solid 5% late Tuesday on the mega-cap’s hefty beat of Wall Street consensus for the most recently closed fiscal quarter (FXStreet). Conversely, U.K. regulators recently blocked Microsoft’s deal with Activision Blizzard (ATVI), causing ATVI stock to lose ground (InvestorPlace).
In conclusion, despite fluctuating performance, investors believe that Microsoft has a lot of room for growth with its AI initiatives and cloud computing units (CNBC). As of the most recent trading day, MSFT closed at $289.39, moving -0.76% from the previous trading session (Yahoo Finance).
