Why Microsoft Stock Is Jumping Today
(NASDAQ: MSFT) stock is gaining ground in Wednesday's trading following new artificial intelligence (AI) infrastructure investment news. The company's share price was up 3.9% as of 2:15 p.m. ET.
Yesterday, President Trump held an event at the White House and announced a new private-sector investment initiative designed to bolster the U.S.'s position in artificial intelligence (AI) data centers. The project is kicking off with a $100 billion investment from Softbank, Oracle, and OpenAI and could scale to an investment of up to $500 billion over the next four years.
At the White House yesterday, President Trump announced the launch of the Stargate initiative -- a project that's bringing together Oracle, Softbank, and OpenAI to invest in U.S. data centers for AI. Microsoft is a leading player in the AI infrastructure services market through its Azure cloud computing platform, and it's also a key partner for OpenAI.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 139 Buy predictions and 3 Sell predictions.
With a target price of 495 € there is a positive potential of 22.34% for Microsoft Corp. compared to the current price of 404.6 €.
