Goldman Sachs keeps a Buy rating and $630 price target on Microsoft (MSFT) after the company’s announcement of its amended agreement with OpenAI, which represents a critical step towards making a clear establishment of the ownership of the technology between both companies. The $250B commitment for Azure services is not only supportive of Azure growth but also validates Microsoft’s position as a leading cloud-provider for AI workloads, the analyst tells investors in a research note. Furthermore, Microsoft’s extended IP rights through 2032, now including post-AGI models, will provide crucial long-term value protection, the firm added.
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