QUICK SPARK: Microsoft's AI Spending Pays Off With Azure Growth Set to Reach 45%
benzinga_article·
- Bank of America raised Microsoft’s price target to $600 following 4Q26 results that showed Azure growth accelerating to 43% and projected 45% growth in 1Q27.
- Nvidia supported broader artificial intelligence deployment by extending customer payment terms, investing nearly $50 billion in frontier labs, and partnering to raise over $500 billion in infrastructure capital.
- Microsoft’s positive momentum aligned with Bill Ackman’s major investment position and a technical golden cross where the 50-day simple moving average remained above the 200-day simple moving average.