Key Developments for Microsoft (NASDAQ: MSFT)
Microsoft’s stock rose by 3.4% on Thursday, driven by a bullish outlook from Morgan Stanley regarding its cloud infrastructure business. The tech giant is expected to rapidly expand its data center capacity and capitalize on increasing demand for cloud services, which may lead to stronger monetization.
Additionally, Dell was awarded a $9.69 billion contract with the Department of Defense, allowing access to Microsoft software licenses and cloud services. Reports also indicate that Microsoft plans to unveil new AI applications, including a new coding model, at its upcoming Build conference.
Despite Thursday’s gains, Microsoft’s share price remains down approximately 12% year-to-date.
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