Microsoft Corp. 11%.
Microsoft’s latest fiscal-year capital spending reached $145 billion as the company invested heavily in infrastructure. The company currently has about 2 gigawatts of capacity focused on AI-specific chips.
9% over the past 12 months. The stock is hovering near its short-term trend line.
The longer-term trend remains stronger. 68.
However, momentum has cooled. The MACD is below its signal line, while the histogram is negative.
The broader trend remains constructive. The 20-day SMA is above the 50-day SMA.
50. Support is around $477.
4 times earnings. Stifel recently maintained a Hold rating and raised its price forecast to $530.
Bank of America maintained a Buy rating and lifted its forecast to $600. 35 for Momentum.
The combination suggests Microsoft retains strong growth characteristics. 91% Microsoft weighting.
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