Microsoft Vs. Amazon: Stock Charts Signal Trouble, But Wall Street Sees AI-Fueled Growth
Portfolio Pulse from Surbhi Jain
Microsoft and Amazon are facing potential death crosses on their stock charts, but Wall Street remains optimistic due to their AI advancements. Microsoft is boosting shareholder returns with a dividend hike and a new buyback program, while Amazon is streamlining operations and investing in AI chips with Intel.
September 17, 2024 | 7:56 pm
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Amazon is also facing a potential death cross, but its operational streamlining and AI investments with Intel are seen positively by analysts, who maintain a Buy rating.
Amazon's potential death cross is overshadowed by its strategic moves to streamline operations and invest in AI, which are expected to enhance its long-term growth prospects.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Intel's partnership with Amazon in developing custom AI chips for AWS positions it as a key player in the AI landscape, potentially boosting its relevance in the tech sector.
Intel's collaboration with Amazon on AI chips for AWS could strengthen its position in the AI market, potentially leading to positive sentiment around its stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Microsoft is facing a potential death cross, but Wall Street remains bullish due to its AI growth and shareholder-friendly actions, including a 10% dividend hike and a $60 billion buyback program.
Despite the technical indicator of a death cross, Microsoft's strong AI growth and shareholder returns, such as a dividend increase and a new buyback program, are likely to positively impact its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100