Goldman Sachs analysts added Microsoft to their "Conviction List" on Monday, citing the company's booming cloud business in their reasoning.
Microsoft could gain 16% over the next year as cloud computing becomes a “transformational secular trend,” according to Dan Ives, Wedbush senior technology analyst. His team explained in a note to clients that the current work-from-home environment is catalyzing more workplaces to adopt cloud technologies, and Microsoft’s cloud computing platform […]
Oracle jumped as much as 10% in early Monday trading on reports that the firm won bidding for a partnership with TikTok’s US business. The news comes after the White House threatened to ban the ByteDance-owned app on data security concerns if it didn’t sell its US arm to an […]
Microsoft shares tumbled as much as 2.8% on Thursday after its cloud-computing and office software business missed quarterly estimates. The slump saw roughly $US46 billion erased from the tech giant’s market cap. A “continued customer shift to cloud offerings from multi-year on-premises agreements” harmed the company’s transactional licensing business, Microsoft […]