Michael Nieman/iStock Editorial via Getty Images My last analysis rated Microsoft ( MSFT ) stock a Strong Buy with a $449 price target (that hit as expected). That thesis was arguing that Wall Street’s panic over temporary CapEx spikes and FCF compression is shortsighted. More so, Microsoft's $37.5 billion AI infrastructure spend is (heavily) de-risked by a large $625 billion contracted backlog. F...
Michael Nieman/iStock Editorial via Getty Images My last analysis rated Microsoft ( MSFT ) stock a Strong Buy with a $449 price target (that hit as expected). That thesis was arguing that Wall Street’s panic over temporary CapEx spikes and FCF compression is shortsighted. More so, Microsoft's $37.5 billion AI infrastructure spend is (heavily) de-risked by a large $625 billion contracted backlog. Further, the thesis pointed out that Microsoft is shifting into an agentic AI orchestration layer (M365 E7) backed by its own silicon (Maia/Cobalt), optimizing long-term margins. As per that thesis, despite risks like OpenAI concentration, headless-office seat deflation, and data center power caps, oversold technicals and upcoming hardware monetization make Microsoft a highly low-risk long-entry investment. Ycharts Now, in this article, I continue to mark a Strong Buy rating on Microsoft stock based on its ongoing shift from a legacy SaaS market leader into a global reasoning-as-a-service (RaaS) cognitive utility. Still, Wall Street misprices Microsoft’s $190 billion CY2026 CapEx as a margin-crushing liability, in my opinion. I consider it a solid thermodynamic moat, as through deploying (aggressively) Maia 200 accelerators and Cobalt CPUs, Microsoft is working on a margin decoupling by routing queries through multi-model harnesses to capture hardware-level economics, earlier ceded to 3rd parties. More so, shifting M365 and GitHub Copilot to consumption-based pricing backs Microsoft to go beyond traditional seat limits and taxing global enterprise productivity. However, this thesis has risks, like the shift to consumption billing, that lead Microsoft's revenue closer towards macroeconomic cyclicality. Further, Microsoft counters high thermodynamic issues (in power procurement) and geopolitical risks (as foreign jurisdictions mandate sovereign cloud fragmentation) that may fracture Microsoft’s data liquidity and expand operational overhead. What Can Take Microsoft's Stock Pri...
Credit market veteran Steven Tananbaum, founder of GoldenTree Asset Management says that opportunities are emerging in sectors facing fundamental business-model challenges, including software and cable, with some of the most compelling situations arising from mismatches between debt and equity valuations. He spoke with Bloomberg TV's Lisa Abramowicz at the Bloomberg Global Credit Forum in New York...
Credit market veteran Steven Tananbaum, founder of GoldenTree Asset Management says that opportunities are emerging in sectors facing fundamental business-model challenges, including software and cable, with some of the most compelling situations arising from mismatches between debt and equity valuations. He spoke with Bloomberg TV's Lisa Abramowicz at the Bloomberg Global Credit Forum in New York on June 3. (Source: Bloomberg)
(RTTNews) - Stocks have moved notably lower during trading on Friday, with the major averages all moving to the downside after ending the previous session mixed. The tech-heavy Nasdaq has shown a particularly steep drop.
(RTTNews) - Stocks have moved notably lower during trading on Friday, with the major averages all moving to the downside after ending the previous session mixed. The tech-heavy Nasdaq has shown a particularly steep drop.
Reid Hoffman , the LinkedIn co-founder and venture capitalist, will leave Microsoft Corp. ’s board later this year, saying he wants to focus on his new artificial intelligence company. “We’re seeing such progress with Manas, I said ‘Look, I think I need to get back to founder mode,’” Hoffman said in a video posted to his social-media accounts. Manas is a drug-discovery startup . “It’s been a huge ...
Reid Hoffman , the LinkedIn co-founder and venture capitalist, will leave Microsoft Corp. ’s board later this year, saying he wants to focus on his new artificial intelligence company. “We’re seeing such progress with Manas, I said ‘Look, I think I need to get back to founder mode,’” Hoffman said in a video posted to his social-media accounts. Manas is a drug-discovery startup . “It’s been a huge honor and pleasure” to serve on Microsoft’s board, Hoffman said in the video, which shows a conversation with Microsoft Chief Executive Officer Satya Nadella . Hoffman joined Microsoft’s board in 2017 following the company’s acquisition of LinkedIn, which he co-founded in 2002. He remained an active investor, including at Greylock, where he’s a partner, and was a link between Microsoft and Silicon Valley AI companies. Hoffman was also a onetime board member of close Microsoft partner OpenAI as well as Inflection AI, the startup whose brain trust Microsoft later hired to run its own large language model development.
The package to fund agencies including ICE until the end of Trump's term had face Democratic opposition over immigration agents killing two US citizens.
The package to fund agencies including ICE until the end of Trump's term had face Democratic opposition over immigration agents killing two US citizens.
Paths You Take is a show that finds beauty in images of alienation as Billy Dosanjh turns his lens on race, identity, empire – and the men who kept the furnaces glowing It was bitter in Walsall that winter of 1962-3 when snow turned the Black Country white. In After the Storm, Billy Dosanjh’s epic photographic reconstruction of one especially chilly night back then, an elderly Sikh man, recently a...
Paths You Take is a show that finds beauty in images of alienation as Billy Dosanjh turns his lens on race, identity, empire – and the men who kept the furnaces glowing It was bitter in Walsall that winter of 1962-3 when snow turned the Black Country white. In After the Storm, Billy Dosanjh’s epic photographic reconstruction of one especially chilly night back then, an elderly Sikh man, recently arrived from the Punjab, stands under an old carriage lamp. He is, the shot suggests, seeing snow for the first time. “I thought it was quite a fitting note to get him gazing at the snow, looking a little bewildered,” says Dosanjh as we stroll around Paths You Walk, his gripping exhibition of photographs, films and installations at the New Art Gallery Walsall. At the back of the image, three furnace smoke stacks rise up in ghostly fashion, almost like the three crosses on Calvary have been relocated to Mordor. Continue reading...
IonQ (NYSE: IONQ) is battling D-Wave (NYSE: QBTS) and Rigetti (NASDAQ: RGTI) in one of the strangest quantum stock setups on the market. The stocks look damaged, but the businesses tell a more complicated story, with revenue growth, government contracts, acquisition potential, an
IonQ (NYSE: IONQ) is battling D-Wave (NYSE: QBTS) and Rigetti (NASDAQ: RGTI) in one of the strangest quantum stock setups on the market. The stocks look damaged, but the businesses tell a more complicated story, with revenue growth, government contracts, acquisition potential, an