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MicrosoftTheStreet
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89% Informative
Microsoft shares fell sharply in early Thursday trading, dragging tech rivals and major benchmarks lower.
CEO Satya Nadella hinted that near-term ambitions for the new technology may be clouded by the costs and timing to bring them online.
Microsoft has been at the forefront of the AI investment wave for much of the past two years , with plans to infuse the new technologies across its suite of consumer and business products.
Analyst Angelo Zino says Microsoft 's breadth will allow for greater generation of AI -related profits once capacity is able to meet client demand.
Zino carries a 'strong buy' rating on Microsoft with a $ 490 price target.
Microsoft shares were marked 3.8% lower in premarket trading to indicate an opening bell price of $ 416.15 each.
VR Score
95
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97
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