Microsoft (MSFT) Stock Rises After $130 Billion Data Center Lease Report
Photo: CoinCentral
TLDR Microsoft (MSFT) stock opened at $543.45 on Wednesday, up about 0.4%, close to its one-year high of $553.72. The company reported more than $130 billion in new data center leases last quarter, lifting total unstarted lease commitments to $329.1 billion. Barclays raised its price target to $600 from $512, while the average analyst target sits at $581.80. Microsoft unveiled its Maia 300 AI chip, which it says delivers about 40% more tokens per megawatt or dollar than leading GPU systems. Fiscal first-quarter results are due October 28, with analysts expecting $4.72 per share on $90.4 billion in revenue.
Source: CoinCentral
