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Microsoft’s AI Bet Tests Stock | Durham News
Microsoft’s stock is down nearly 20% this year despite strong AI momentum and growing Azure revenue—investors are frustrated that AI spending hasn’t yet translated to price gains. Bank of America remains bullish, keeping its buy rating and $500 price target while raising earnings forecasts, betting the market is ignoring Microsoft’s long-term potential. The key test: Azure must hit 39-40% YoY growth to prove new data centers are delivering real revenue from a massive commercial backlog. Meanwhile, Copilot has surpassed 20 million paid seats and AI revenue is doubling yearly, with usage-based…
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