Microsoft Corporation (NASDAQ:MSFT) is one of the Best Quantum Computing Stocks to Invest In Right Now. On November 14, Baird began coverage of the company’s stock with an “Outperform” rating and a price objective of $600. As per the firm, Microsoft Corporation (NASDAQ:MSFT) continues to lead the AI revolution with infrastructure and applications, thanks to its partnership with OpenAI. This offers an end-to-end AI platform for enterprises and consumers.
In a different development, OpenAI announced that Microsoft Corporation supports the OpenAI board moving forward with the formation of a PBC (public benefit corporation) and recapitalization. After the recapitalization, Microsoft holds an investment in OpenAI Group PBC of ~$135 billion, making up ~27% on an as-converted diluted basis. Furthermore, OpenAI has contracted to purchase an incremental $250 billion of Azure services.
Microsoft Corporation announced that it plans to increase its total AI capacity by more than 80% this year, and approximately double its total data center footprint over the upcoming 2 years, showcasing the demand signals.
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This article is originally published at Insider Monkey.
