Microsoft

Macquarie: Maintains Microsoft’s (NASDAQ:MSFT) neutral rating and $241 price target

Macquarie analyst Sarah Hindlian-Bowler noted that OpenAI announced GPT-4, the latest version of its GPT AI model, a significant improvement over previous model versions, and Microsoft (NASDAQ:MSFT) also announced on Tuesday that the new Bing Search has been running on an earlier version of GPT-4 for the past five weeks. While the line says generative AI is “in a hype cycle,” it’s “still fairly real” and GPT-4 is “the current industry standard.” It’s hard for investors to understand who will win and who will lose, but Macquarie believes Microsoft is a “clear winner” given its improvements to Bing, the size of the search market and Google’s current dominance. The bank maintained a neutral rating on Microsoft stock and a $241 price target.

Macquarie: Maintains Microsoft’s (NASDAQ:MSFT) neutral rating and $241 price target Read Post »

Microsoft (NASDAQ:MSFT) has disbanded the Industrial Metaverse Applications team

According to a person with direct knowledge of the matter, Microsoft (NASDAQ:MSFT) has disbanded the four-month-old metaverse application team that aims to help customers use the metaverse in an industrial setting. The person said that all about 100 employees of the team have been laid off.

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Jefferies: Raised Microsoft’s (NASDAQ:MSFT) price target to $310 with a Buy rating

According to a report by Jefferies, Microsoft (NASDAQ:MSFT) uses OpenAI’s next-generation language model to release artificial intelligence updates to search engines Bing and Edge, and it is expected that search improvements will help long-term advertising revenue. However, the bank mentioned that it will take time to push users to use Bing again, and Microsoft needs to pry advertisers away from Google, so it only regards such updates as the tip of the iceberg of the group’s artificial intelligence capabilities, and believes that there will be the greatest opportunity in enterprise applications. Jefferies raised its price target on Microsoft to $310 from $275 and maintained its Buy rating.

Jefferies: Raised Microsoft’s (NASDAQ:MSFT) price target to $310 with a Buy rating Read Post »

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