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 is making waves in the tech world with its latest strategic moves, which could have significant implications for investors. The company is testing a free version of Xbox Cloud Gaming supported by ads, allowing users to stream games without a Game Pass subscription. This move is part of a broader reorganization of Microsoft’s Game Pass plans, which now include Xbox Cloud Gaming in both the Premium and Essential tiers. The ad-supported version is being tested internally and could soon be available on various platforms, including PCs, Xbox consoles, and web browsers. This development comes as Microsoft also expands its clean energy initiatives, having recently increased its purchase of solar power from Shizen Energy Inc. to 100 megawatts, reflecting its commitment to sustainable energy solutions.
In a significant corporate restructuring, Microsoft has elevated Judson Althoff to CEO of its commercial and consumer businesses, distributing executive authority across multiple high-profile leaders. This decentralization strategy has not led to fragmentation; instead, Microsoft’s financials show robust growth, with Microsoft Cloud surpassing $168 billion in annual revenue and Azure alone topping $75 billion. The company is also making strides in AI, with its Copilot product seeing rapid adoption. As Microsoft continues to innovate and expand, analysts have a Strong Buy consensus rating on its stock, with an average price target implying a 21.4% upside potential. With these strategic moves, Microsoft is positioning itself as a leader in both gaming and sustainable energy, making it an attractive option for investors looking for growth in the tech sector.