Retail investors aren't trading the megacap tech stocks with their usual fervor.
Evercore ISI analysts led by Kirk Materne are heading into Microsoft's (NASDAQ: MSFT) fiscal Q3 earnings on April 29th with a decidedly bullish outlook. Consensus is for the multinational to report $4.07 a share of earnings on $81.4 billion in revenue, indicating mid-to-late teens gains in both the top and bottom line.
On Monday, Microsoft and OpenAI announced that they have, once again, renegotiated the deal binding the two companies. Despite some opinions on X that frame it as a victory for the ChatGPT maker over the Windows giant, both sides are walking away winners.
MSFT heads into fiscal Q3 earnings with strong AI momentum and cloud growth, but stretched valuation and margin pressure may keep new investors cautious.
OpenAI has forged a new revenue and technology agreement with partner/artificial intelligence (AI) competitor Microsoft. The new arrangement is designed to simplify the way the companies work together, OpenAI said in its announcement Monday (April 27).
Michael Burry just bought Microsoft (NASDAQ: MSFT | MSFT Price Prediction), and he picked a fascinating moment.
Microsoft and OpenAI announced a major amendment to their partnership Monday, making Microsoft's IP license non-exclusive and opening all OpenAI products to any cloud provider.
Microsoft Corp (NASDAQ:MSFT) and OpenAI (Unlisted:OPAI) have announced a sweeping overhaul of their partnership that strips away the exclusivity protections at the heart of their original agreement, giving the ChatGPT maker freedom to sell its products across any cloud provider, including rivals Amazon and Google. The amended deal, announced Monday, ends Microsoft's revenue share payments to OpenAI entirely, while capping the payments OpenAI owes Microsoft through 2030 at a fixed ceiling independent of OpenAI's technology progress.
The companies agreed to a deal that they said gives them more flexibility. As part of it, Microsoft will stop sharing its revenue.
The partnership change gives both companies more freedom as they each work to expand their individual AI products—and comes ahead of OpenAI's initial public offering.
You might have trouble logging into your email Monday morning.
OpenAI and Microsoft are shaking up their partnership again. On Monday, the AI startup and the tech giant announced more changes to their deal.