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Microsoft’s Azure AI Projected to Drive $24B Revenue Surge by 2026
Microsoft’s Azure AI Projected to Drive $24B Revenue Surge by 2026
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TD Cowen analysts reaffirmed Microsoft’s ’Buy’ rating, lifting their price target to $540 from $490. Azure AI’s annual recurring revenue is forecasted to skyrocket from $4 billion in 2024 to $24 billion by 2026—a leap Derrick Wood calls ’conservative with solid upside potential.’ The AI-driven growth is expected to revitalize Azure’s momentum, potentially stabilizing growth rates in the mid-30% range.
Microsoft executives are capitalizing on the bullish sentiment. EVP Judson Althoff sold $7.3 million worth of shares, while Kathleen Hogan divested $9.8 million, retaining significant stakes. These transactions underscore institutional confidence in Microsoft’s AI monetization strategy, particularly through OpenAI integrations.
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