Morgan Stanley projects substantial revenue growth for Microsoft’s Azure platform through expanded AI data center capacity. Data center output is expected to rise from 5 gigawatts in fiscal 2024 to 20 gigawatts by fiscal 2028. This expansion positions the company to meet soaring demand for cloud and AI services.
Analyst Keith Weiss reiterated an Overweight rating on Microsoft stock. Weiss set a price target of $650 per share. Aggressive infrastructure investment reinforces Microsoft's competitive advantage in the tech sector.