Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Major Bank Ratings|Bank of America: AI momentum drives Microsoft’s solid quarterly performance, reiterates “Buy” rating

Major Bank Ratings|Bank of America: AI momentum drives Microsoft’s solid quarterly performance, reiterates “Buy” rating

格隆汇格隆汇2026/05/09 03:20
Show original
Glonghui, May 9 – Bank of America Securities released a report stating that AI momentum drove Microsoft’s solid quarterly performance. Key highlights for the quarter include Azure revenue growth surpassing expectations, reaching 39% at constant currency compared to the market expectation of 38.2%; resilience shown in non-AI core business operations, and a significant upward revision of capital expenditure guidance, indicating that AI investment is expected to remain high in the foreseeable future. Overall, total revenue increased by 15% year-on-year, and earnings per share reached $4.27, both above market expectations of 13.3% and $4.04, respectively. In addition, the company disclosed that its annualized AI recurring revenue reached $37 billion, a year-on-year increase of 123%. The bank reiterated its “Buy” rating on Microsoft with a target price maintained at $500.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

One is not enough! TSMC (TSM.US) affiliated company plans to build another wafer plant in Singapore, AI "chip shortage" drives expansion across Asia

VSMC, a joint venture established by Vanguard International Semiconductor—a smaller affiliated company of TSMC—and NXP Semiconductors from the Netherlands, is considering building a second wafer plant in Singapore.

智通财经•2026/09/28 06:36

CEO of Warburg Pincus: There are "real and highly attractive opportunities" in Japan, and we will seize the opportunities in spin-offs and privatizations

Jeffrey Perlman, CEO of Warburg Pincus LLC, stated that Japan is undergoing structural changes that are making it more friendly and attractive to global private equity firms.

智通财经•2026/09/28 06:31