The Three Mile Island nuclear power plant in Pennsylvania will be restarted and then used to help power Microsoft's artificial intelligence. Constellation Energy will reopen a reactor then sell all the output to Microsoft.
Nvidia and Microsoft are leading the artificial intelligence industry, but only one can be the better buy.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Microsoft's stock leaned lower in early Monday trading, after D.A. Davidson's Gil Luria became one of the rare Wall Street analysts to warn not to invest in the software giant and artificial-intelligence play.
Microsoft stock is up 34% over the past year. The tech giant announced a new $60 billion share repurchase program.
Microsoft recently initiated a $60 billion buyback plan. History indicates that the buyback will have little effect on the stock's performance.
Microsoft signed a power purchase agreement with Constellation Energy to buy power from a shuttered nuclear plant. Constellation will restart the plant to support Microsoft's data center operations.
Microsoft's advancements in error correction for quantum computing position it ahead of the competition. The new Qubit-Virtualization code significantly improves qubit fidelity, creating the most reliable logical qubits ever, far surpassing current industry standards. Azure Quantum's integration of these advancements could establish Microsoft as the dominant quantum computing platform, similar to its historical success with MS-DOS.
Musk wants to use this supercomputing power to improve Teslas' autonomous driving capabilities and train xAI's chatbot Grok.
You can say hedge fund operator Ken Griffin likes diversification.
Microsoft recently increased its dividend by another 11%. Verizon recently extended its dividend-growth streak, the longest in the U.S. telecom sector.
Microsoft stock has comfortably outperformed the S&P 500 index in the past decade. The tech giant has multiplied investors' money nicely and looks well placed to deliver more gains thanks to the terrific growth opportunity in markets such as cloud computing.