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Microsoft, OpenAI partnership should remain strong, says Mizuho

Mizuho reiterates a Buy rating on Microsoft with a $420 price target after OpenAI announced that Sam Altman will be returning as CEO. The firm expects very much expects Microsoft’s partnership with OpenAI to remain strong. It remains confident that Microsoft’s growth opportunities over the medium-term and beyond are greater than many realize, and this includes significant generative artificial intelligence monetization.

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