Microsoft (MSFT) Stock Climbs 5.46%: Is More Upside Coming?

TLDR Microsoft Corp stock rose 5.46% on August 3, outperforming the Software and IT Services sector’s 3.39% gain. Stronger Azure cloud growth and rising demand for generative AI services supported the rally. Improved Intelligent Cloud margins eased concerns about Microsoft’s high spending on AI data centers. Analysts raised Microsoft price targets after steady Office 365 [...]

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