UBS lowered the firm’s price target on Microsoft (MSFT) to $600 from $650 and keeps a Buy rating on the shares. The continued ramp of Microsoft’s large Fairwater AI data centers in Atlanta and Wisconsin is emerging as a key near-term catalyst for Azure growth, with the Wisconsin site coming online in Q1, the analyst tells investors in a research note. Progress at the Wisconsin build-out supports a higher Azure growth outlook ahead of Microsoft’s January 28 earnings report, UBS says.
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