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KeyBanc Reiterates Overweight Rating on Microsoft (MSFT) on Azure and Copilot Growth
Insider Monkey76d agoneutral
KeyBanc Reiterates Overweight Rating on Microsoft (MSFT) on Azure and Copilot Growth

Microsoft Corporation (NASDAQ:MSFT) ranks among the best stocks for a couch potato portfolio. Microsoft Corporation (NASDAQ:MSFT) was reiterated as Overweight by KeyBanc on May 5, with a $600 price target. The firm continues to focus on Azure capability and growth, Copilot usage through Microsoft 365 Commercial Cloud expansion, and capital expenditures at the company. KeyBanc’s […]

Bloomberg76d agoneutral
ByteDance Weighs Capex of as Much as $70 Billion in AI Push

(Bloomberg) -- ByteDance Ltd., the developer of TikTok and a leading force in artificial intelligence, is considering increasing its capital spending to more than double last year’s in a bid to lead the Chinese AI market and challenge the top US players abroad.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia Tells US to Evacuate Its Di

Analysis-Europe's push to break Big Tech's grip tempered by internal debate
Reuters76d agoneutral
Analysis-Europe's push to break Big Tech's grip tempered by internal debate

European leaders are divided on how far to go in curbing Big Tech as they weigh momentous decisions over giving EU firms preferential access to mobile satellite spectrum and limiting large multinationals' access to EU cloud tenders. On Tuesday, ‌Reuters reported Brussels was likely to leave an opening for Elon Musk's Starlink and Amazon's low-earth-orbit satellite business Leo to acquire lucrative European ‌mobile satellite spectrum next year as a result of a compromise that will reserve the bulk of frequencies for European firms. A separate decision on EU cloud tenders set for June 3 is expected to ​temper the influence of U.S. firms such as Amazon, Alphabet's Google and Microsoft, which dominate the global cloud market with a combined 63% share.

Nvidia CEO has blunt message on AI layoffs in 2026
TheStreet76d agobearish
Nvidia CEO has blunt message on AI layoffs in 2026

Amazon cited AI efficiency when it eliminated 16,000 corporate roles. Microsoft cited AI when it cut more than 15,000 positions. Across Big Tech, the explanation for layoffs has become almost predictable: we are doing more with less, and AI is why. Jensen Huang has a problem with that story. And he ...

Cisco Soars 32% in a Month, Arista Falls 10%, Broadcom Drifts: The AI Networking Trade Has a Clear Winner
24/7 Wall St.77d agoneutral
Cisco Soars 32% in a Month, Arista Falls 10%, Broadcom Drifts: The AI Networking Trade Has a Clear Winner

The AI networking trade has produced one of the sharpest leadership shifts of the year, and it favors the name many investors had written off. Over the past month, Cisco Systems (NASDAQ:CSCO) stock has surged 32%, while Arista Networks (NYSE:ANET) stock has slumped 10% and Broadcom (NASDAQ:AVGO) stock has essentially drifted sideways. Today’s midday session ... Cisco Soars 32% in a Month, Arista Falls 10%, Broadcom Drifts: The AI Networking Trade Has a Clear Winner

Microsoft’s EY AI Alliance And Airia Deal Deepen Enterprise Cloud Ties
Simply Wall St.77d agoneutral
Microsoft’s EY AI Alliance And Airia Deal Deepen Enterprise Cloud Ties

Microsoft (NasdaqGS:MSFT) agreed a US$1b, five year global AI alliance with EY, focusing on enterprise scale AI solutions across finance, tax, supply chain, and healthcare. The alliance pairs Microsoft Forward Deployed Engineers with EY consultants to co build secure, sector specific AI tools for large organizations. Microsoft also entered a new partnership with Airia to support risk management, continuous validation, and regulatory compliance for autonomous AI agents across its...

The Pope’s Anti-AI Message Adds to the Industry’s Popularity Problem
Barrons.com77d agoneutral
The Pope’s Anti-AI Message Adds to the Industry’s Popularity Problem

Pope Leo XIV made an impassioned case against the harms of artificial intelligence and data centers in a widely followed letter, adding to the industry’s growing public-relations problem. Just last month, privately held Compass Datacenters, which is backed by Brookfield Asset Management pulled out of attempts to build an over 800-acre Virginia campus after opposition and increasing regulations. In his encyclical letter released Monday, the pope warned about AI’s environmental and social impacts.