Microsoft (MSFT) faced competitive pressure after reports surfaced that Amazon is in talks to invest $10 billion in OpenAI, potentially valuing the AI firm over $500 billion. This news raises questions regarding MSFT's competitive edge in AI infrastructure via its Azure platform.
- MSFT traded at $477.41 (+0.21%), outperforming the broader market, which saw declines in the NASDAQ (-1.23%) and S&P 500 (-0.63%).
- Analyst consensus targets range from $624 to $631 (Strong Buy/Moderate Buy), with HSBC setting a bull case target of $667 based on the shift toward AI software.