Overview

• Microsoft’s shares rose 0.8 percent to a record $467.68 on June 5, lifting its market value to $3.48 trillion and surpassing Nvidia and Apple
• Azure and the broader Intelligent Cloud segment delivered 21 percent year-over-year revenue growth in the latest quarter, beating analysts’ expectations
• The company has invested nearly $14 billion in OpenAI and committed $80 billion in fiscal 2025 to expand AI-enabled data centers
• Bernstein, Wedbush and Goldman Sachs have raised their price targets to between $540 and $550, driving the consensus target near $525
• Goldman Sachs analysts project Microsoft’s cloud revenue could reach $300 billion by 2029 as enterprise demand for AI services grows