The world is increasingly pivoting towards AI or artificial intelligence, and Microsoft (MSFT) is no exception to this change. The firm is forging numerous collaborations and partnerships to fuel the AI momentum and establish dominance in the domain. Such moves are poised to help Microsoft gain better stock momentum, with its price hitting the ambitious price mark of $550, as predicted by TipRanks earlier.
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AI and Microsoft: New Frontier Unlocked
Microsoft’s recent partnerships are signaling the firm’s increased interest in the AI sector. The company recently unveiled a new partnership with Fivetran to explore data solutions for AI and machine learning workloads.
Our collaboration with Microsoft addresses the critical challenges enterprises face when scaling AI and machine learning initiatives: getting all your data in one place. Our Managed Data Lake Service eliminates manual data engineering and ensures models are built on clean, compliant, and AI-ready data. This collaboration empowers companies to innovate faster while adhering to the highest security and governance standards, including GDPR and HIPAA.” As stated by Fivetran’s CEO, George Fraser.
The Windows Suite developer has also invested in Fastino, an AI startup focusing on building CPU-friendly AI models. Fastino is a San Francisco-based startup that designs task-optimized enterprise AI models offering the best performance at low costs on CPUs instead of GPUs.
Such strategic investments foretell a clear story about Microsoft’s immediate priorities. The AI boom at the moment is pushing many key magnificent seven firms to explore the domain. The firm has also explored the AI art domain by collaborating with Iconem to rebuild a 3D digital replica of Saint Peter’s Basilica. Such investments are indicative of Microsoft’s diverse mindset, which is pushing the firm to embed and explore AI in all possible sectors.
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The Firm’s Stock Forecast: Can It Hit The Ambitious $550?
According to TipRanks, MSFT is currently sitting at $425, targeting $495 as its immediate price spot to conquer and claim. However, the portal predicts a high of $550 for the token, which it may achieve soon in the near future.
“The average price target for Microsoft is $495.33. This is based on 29 Wall Street Analysts 12-month price targets issued in the past 3 months. The highest analyst price target is $550.00; the lowest forecast is $425.00. The average price target represents 16.49% increase from the current price of $425.2. Microsoft’s analyst rating consensus is a strong buy. This is based on the ratings of 29 Wall Street analysts.”
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