What's Going On With Microsoft Stock Friday?
Portfolio Pulse from Anusuya Lahiri
Microsoft Corp's stock is trading higher as it emphasized the importance of GPUs for its growing cloud business and AI capabilities. The company's annual report mentioned GPUs as a risk factor for potential outages. The demand for GPUs has surged among top tech companies, benefiting Nvidia Corp and Advanced Micro Devices. Microsoft has started looking beyond its data centers and signed an agreement with CoreWeave, a cloud service that rents out GPUs to third-party developers.
July 28, 2023 | 5:37 pm
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POSITIVE IMPACT
Advanced Micro Devices is benefiting from the surge in demand for GPUs among top tech companies.
The surge in demand for GPUs among top tech companies, including Microsoft, is benefiting Advanced Micro Devices.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Microsoft's stock is trading higher due to its emphasis on the importance of GPUs for its growing cloud business.
Microsoft's emphasis on the importance of GPUs for its growing cloud business and AI capabilities has led to a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nvidia Corp is benefiting from the surge in demand for GPUs among top tech companies.
The surge in demand for GPUs among top tech companies, including Microsoft, is benefiting Nvidia Corp.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60