Microsoft Doubles Down on AI: They've partnered with Singapore to launch the AI Pinnacle Program, helping small businesses leverage AI solutions. Alongside LinkedIn, they released a study on AI's growing presence in Singaporean workplaces. This focus on AI aligns with analyst optimism for Microsoft's future.
Azure Restructuring: Business Insider reports Microsoft is laying off employees within its Azure cloud unit, specifically in cloud operations and mission engineering.
Stock Performance Stays Strong
Despite the Azure news, Microsoft's stock (MSFT) is performing well:
Current Price: $413.52 (as of June 3, 2024)
Today's Performance: Down 0.39% (minor fluctuation)
Year-to-Date Performance: Up 10.4%
Past Year Performance: Up 24.7%
Analysts remain bullish, with some high estimates reaching $600 per share.
Looking Ahead: Microsoft's strong focus on AI, a field expected for significant growth, positions them well for the future. While internal restructuring can be a sign of change, their overall financial health remains positive.
Do you own due diligence check before invest.
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