Microsoft Stock Downgraded by Stifel as AI Competition Intensifies
Stifel downgrades Microsoft to Hold, slashing price target from $540 to $392 amid Azure capacity constraints and rising AI competition from Google and Anthropic.
Stifel downgrades Microsoft to Hold, slashing price target from $540 to $392 amid Azure capacity constraints and rising AI competition from Google and Anthropic.
Microsoft has secured a three-year, $750 million agreement with AI startup Perplexity to use its Azure cloud services, reinforcing Azure's position in the AI market.