Microsoft Corp: Chinese President Xi Jinping Welcomes Collaboration on AI, as Microsoft Shares Reach Record High

Microsoft's AI-Powered PCs Promise a New Era of Computing

Microsoft Corporation Stock Forecast:

According to 38 analysts, the average target price for Microsoft Corporation stock over the next 12 months is USD 313.22. The average analyst rating is Strong Buy. Stock Target Advisor‘s analysis of Microsoft Corporation suggests a Slightly Bullish outlook based on 9 positive signals and 4 negative signals. As of the last closing, the stock price of Microsoft Corporation was USD 348.10. The stock price has increased by +7.02% in the past week, +12.49% in the past month, and +38.27% over the last year.

Microsoft Corp. News:

Chinese President Xi Jinping recently held discussions with Microsoft co-founder Bill Gates, where they focused on the global rise of artificial intelligence (AI) and Microsoft’s business development in China. President Xi expressed his openness to U.S. firms, including Microsoft, bringing their AI technology to China. This move underscores China’s commitment to fostering international cooperation in the AI sector. Concurrently, Microsoft’s shares surged to a new all-time high, driven by market optimism regarding the potential of AI. Additionally, Microsoft-owned LinkedIn announced plans to develop a video advertising product, aimed at targeting users of the popular professional networking site while they engage with content on streaming services.

China has been rapidly expanding its AI capabilities, aiming to become a global leader in the sector. By encouraging collaboration with foreign companies, China hopes to enhance its AI ecosystem and leverage the expertise of renowned industry players such as Microsoft. This move also indicates China’s willingness to facilitate the exchange of knowledge and technological advancements in AI, paving the way for future cooperation between China and the United States in this crucial area.

As the discussions with President Xi Jinping took place, Microsoft enjoyed a surge in its stock value, with shares reaching a record high on Thursday. The market’s optimistic outlook on the potential of AI technology has significantly contributed to Microsoft’s success and market capitalization, which currently stands at a staggering $2.59 trillion.

In a separate announcement, Microsoft-owned professional networking site LinkedIn revealed its plans to introduce a video advertising product. This offering will enable marketers to target LinkedIn users while they consume content on various streaming services. By integrating video advertising capabilities, LinkedIn aims to provide marketers with a new avenue for reaching professionals within its extensive user base.

 

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