✍ 30 May, 2023 - 13:57
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- Microsoft Corp (NASDAQ:MSFT) stock keeps grabbing attention thanks to the ChatGPT frenzy.
- The session volume crossed the 12 million mark vs. the 100-day average volume of 29 million.
- BHP Group Limited (NYSE:BHP) tapped the software firm to leverage its artificial intelligence and machine learning to improve copper mining to meet the demand for decarbonization technologies.
- Microsoft’s developer conference last week made exciting revelations. Microsoft Azure OpenAI customers climbed by 80% month-on-month to 4500, up 80% from April 25. Also, Bing became the default search engine on ChatGPT for Plus users, with a free tier coming up shortly.
- Microsoft declared 50 new products, highly AI-focused on leveraging the Microsoft and OpenAI partnership.
- At least two wall street broker boosted their price targets on the stock Tuesday. Wedbush analyst Daniel Ives maintains Microsoft with an Outperform and raises the price target from $340 to $375.
- Deutsche Bank analyst Brad Zelnick maintains Microsoft with a Buy and raises the price target from $340 to $380.
- Price Action: MSFT shares traded lower by 0.27% at $332.02 on the last check Tuesday.
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