Microsoft (MSFT) held its annual build meeting where development and benefits from AI technology is a major topic of discussion. Tech Giant confirmed this week that Elon Musk’s Xai, European startups Mistral and Black Forest Labs will soon be offering new AI models hosted in their own data centers. Additionally, Microsoft has announced a new artificial intelligence tool designed to complete software coding tasks on its own.
“What we see is the acceleration of AI development and people heading from proof of concept to working solutions that are actually driving business impact,” Scott Guthrie, executive vice president of Cloud and AI at Microsoft, told Yahoo Finance. “We hope that momentum will continue and accelerate, especially as what’s known as the Agent Web is emerging. And Microsoft’s key goal is how it makes it easier for organizations, developers and startups to really respond to all new technologies.”
Microsoft has recently acquired a more neutral player in AI Arms Race and is still investing in millions of people in growing industries. The latest build meetings focus on this plan. This is what Microsoft considers as an important part of the future. The company says the world is looking at the future where the world uses AI agents to do everything from coding to navigating the Windows operating system.
How can AI boost Microsoft (MSFT) inventory?
Microsoft has bolstered its AI and cloud computing efforts over the last few years, with MSFT becoming the best high-tech stock investment option. Analysts suggest that it could be one of the seven most performant epic stocks, with the potential to surge in value to the new ATH.
Currently, Microsoft (MSFT) is above the simple 200-day moving average near the top of the 52-week range. CNN analysts suggest that Microsoft’s stock will continue to be successful over the next 12 months, reaching perhaps $650. Of the 63 analysts surveyed on the platform, 92% suggested buying MSFT stock, while the remaining 8% chose to hold rather than shares.
