Microsoft (MSFT) held its annual build conference where development and profit from AI technology was a major topic of discussion. The tech giant confirmed this week that it will soon offer new AI models made by Elon Musk’s xAI and European startups Mistral and Black Forest Labs hosted in its own data centers. Additionally, Microsoft announced a new artificial intelligence tool designed to complete software coding tasks on its own.
“What we’re seeing is AI development accelerating, and people going from kind of proof of concepts to working solutions that are really driving business impact,” Scott Guthrie, Microsoft executive vice president of cloud and AI, told Yahoo Finance. “We expect momentum to continue and accelerate, in particular, as what we call the agentic web emerges. And our key goal at Microsoft is how do we make it easier for organizations and for developers and startups to really keep pace with all the new technologies.”
Microsoft has recently situated itself as a more neutral player in the AI arms race, still investing millions into the growing industry. The latest build conference put a strong focus on this plan, which Microsoft sees as a key part of its future. The company says it sees a future in which the world uses AI agents to do everything from coding to navigating its Windows operating system.
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How Can AI Boost Microsoft (MSFT) Stock?
Microsoft has ramped up its efforts in AI and cloud computing over the last few years, making MSFT a premier tech stock investment choice. Analysts have suggested that it could be one of the best-performing magnificent-seven stocks, with the potential to surge in value to a new ATH.
Currently, Microsoft (MSFT) is trading near the top of its 52-week range and above its 200-day simple moving average. CNN analysts suggest that Microsoft stock will continue to succeed over the next 12 months, perhaps reaching as high as $650. Out of 63 analysts surveyed by the platform, 92% suggest to buy MSFT stock, with the remaining 8% opting to hold, not sell, the stock.