Microsoft secured a significant victory for its AI cloud strategy after AI startup Perplexity signed a massive $750 million agreement to utilize Azure cloud services, strongly supporting CEO Satya Nadella’s push for AI diffusion.
- The contract win follows a sharp decline, with MSFT shares having plummeted 9.99% on January 29 amid investor concerns over slowing cloud momentum.
- MSFT shares are trading flat today at $433.18.