Microsoft's Strong AI-Driven Quarter Sparks Analyst Optimism Despite Share Decline
Microsoft's fiscal third-quarter results exceeded expectations with earnings of $4.27 per share and revenue of $82.89 billion. Analysts are optimistic about the company's AI strategy, though shares fell 5% due to concerns over rising capital expenditures and growth pace. Goldman Sachs upgraded the stock with a 'buy' rating and a $610 price target.
Tickers: $MSFT
Topics: AI Strategy Analyst Outlook Earnings Microsoft Revenue Growth