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 waves in the tech industry with its potential collaboration with Intel, as reports suggest it might become a major client for Intel’s advanced semiconductor manufacturing. This partnership could see Microsoft using Intel’s 18A process to produce AI accelerator chips for its Azure cloud infrastructure, a move that could significantly boost Intel’s foundry operations. This development aligns with earlier reports from February 2024, where Intel named Microsoft as a marquee customer, although specific details were not disclosed at the time.
In other news, Microsoft is facing challenges in the cybersecurity realm, with hackers exploiting Microsoft Teams as a platform for social engineering attacks. The company has issued guidelines to enhance security, including using Privacy Mode and limiting admin access. Despite these challenges, Microsoft’s stock remains strong, with analysts maintaining a Strong Buy consensus rating. The company’s stock has rallied 22.35% over the past year, with an average price target suggesting a further 22.77% upside potential.