Microsoft ( (MSFT) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Microsoft finds itself at the center of a political storm as former President Donald Trump publicly calls for the dismissal of Lisa Monaco, the company’s Global Affairs President. Trump, via a post on Truth Social, raised national security concerns due to Monaco’s access to sensitive information through Microsoft’s government contracts. He alleged that Monaco, who previously held significant roles under former Presidents Obama and Biden, had her security clearances revoked for alleged wrongful acts. This development comes amid Microsoft’s decision to cut off cloud and AI services to a unit of the Israeli military, following an internal investigation.
The controversy surrounding Monaco’s appointment could potentially impact Microsoft’s stock performance. Trump’s statements have the potential to create volatility in the stock market, particularly affecting technology-focused ETFs like Invesco QQQ Trust and Vanguard Information Technology ETF, where Microsoft is a major component. Despite these challenges, Wall Street analysts maintain a strong buy consensus on Microsoft stock, with an average price target suggesting a 22.63% upside potential.