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Microsoft Hits Record Highs Fueled by AI and Cloud Growth
Microsoft Hits Record Highs Fueled by AI and Cloud Growth
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Microsoft shares surged to a historic close of $470.38, marking a 0.58% gain and an intraday peak of $473.34. Analysts project further upside, with consensus targets nearing $525—a 12% potential climb. Bernstein and Goldman Sachs lead the bullish charge, raising targets to $540 and $550 respectively, citing Azure's 21% revenue growth and OpenAI synergies.
Goldman forecasts Microsoft's cloud revenue could surpass $300 billion by 2029, as enterprise demand for AI-enabled services accelerates. The Windows 11 transition sparks user debates, but fails to dent the tech titan's $3.5 trillion market dominance. Azure's momentum now drives the Intelligent Cloud segment, which delivered double-digit growth last quarter.
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