Microsoft (MSFT) Stock: Secures $750M Perplexity Cloud Deal as Shares Drop 10%

TLDR Microsoft secured a $750 million three-year cloud deal with AI startup Perplexity through its Azure Foundry service. The agreement provides Perplexity access to AI models from OpenAI, Anthropic, and xAI on Azure’s platform. Microsoft stock plunged 9.99% on January 29 after reporting disappointing Azure growth and margin guidance. Analysts maintain a Strong Buy rating [...]

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