Microsoft ( (MSFT) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Microsoft is making strategic moves to strengthen its position in the technology and AI sectors. Despite a recent dip in share prices, Morgan Stanley’s CIO survey highlights Microsoft as a key beneficiary of the growing GenAI spend, with 33% of CIOs believing Microsoft will capture the largest share of this market. This is more than double the share expected for its nearest competitor, showcasing Microsoft’s strong foothold in the cloud and AI space. Additionally, Microsoft is expanding its gaming offerings on Xbox Game Pass, introducing new titles like ‘Supermarket Simulator’ and ‘Ninja Gaiden 4’ in October.
In a significant development, Microsoft is partnering with Harvard to enhance its Copilot AI assistant’s health-related responses, aiming to reduce its reliance on OpenAI. This collaboration involves licensing health content from Harvard Health Publishing, reflecting Microsoft’s broader strategy to carve out its own space in the AI industry. With a strong buy consensus from analysts and a projected 20% upside in share price, Microsoft is positioning itself as a formidable player in both the AI and gaming sectors.