Tech giant Microsoft (NASDAQ:MSFT) has introduced new virtual machines that incorporate the H100 graphical processing units (GPUs) from Nvidia (NASDAQ:NVDA).
The new introductions can have eight to thousands of H100 GPUs that are interconnected by NVIDIA Quantum-2 InfiniBand networking and enable users to create scalable infrastructure to accommodate tasks associated with artificial intelligence (AI).
Importantly, the virtual machines are expected to provide the groundwork in generative AI for Microsoft as well as its customers. At present, the ND H100 v5 is on preview and is expected to be a standard offering in the company’s Azure portfolio.
Overall, Wall Street has a consensus price target of $292.07 on MSFT implying a 16.1% potential upside in the stock. That’s after a nearly 12% slide in the share price over the past year.
Currently trading at price to earnings multiple of 27.6 and with a return on equity of 39.31%, MSFT stock continues to pop up on investors’ radars.
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