10 Stocks That Can Still Skyrocket On The Neo Cloud Boom 

6. Microsoft Corporation (NASDAQ:MSFT)

Potential Upside: 40.9%

On June 11, Wells Fargo analyst Michael Turrin maintained his Buy rating on Microsoft Corporation (NASDAQ:MSFT) stock and a price target of $650. As a relatively underperforming hyperscaler, the upside in Microsoft stock continues to be attractive. The company is one of the largest drivers of AI infrastructure spending and could be a huge beneficiary once its AI ecosystem is set up.

Last month’s collaboration between Nscale and Microsoft was one example of how the tech giant is benefiting from the neocloud boom. On May 5, Nscale announced its plan in collaboration with Microsoft Corp (NASDAQ:MSFT)  to spend approximately $812 million on infrastructure in Portugal. Neocloud provider Nscale installed more than 12,600 powerful Nvidia Blackwell Ultra AI chips for Microsoft at a data center in Sines, Portugal. This investment of $812 million is one of the most significant AI infrastructure projects in the EU and one of the largest in Portugal to date. Nscale’s CEO Josh Payne remarked,

It also represents one of the largest AI infrastructure investments in Portugal’s history and among the most significant in the EU, reflecting the surging demand we’re seeing for Nscale’s services.

Alongside its major investment in OpenAI, Microsoft is also expanding the physical infrastructure needed to support the growing AI industry.

Microsoft Corporation (NASDAQ:MSFT) is a global technology company that develops and sells a wide range of software, cloud services, devices, and business solutions, serving both individual users and enterprise customers worldwide. Its flagship products include Windows, Microsoft 365, Azure, LinkedIn, and Xbox.

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