Microsoft (MSFT) Expanding AI Capacity As It Keeps Dividends Flowing

Microsoft Corp (NASDAQ:MSFT) is among the best NFT stocks to invest in according to analysts. Microsoft Corp (NASDAQ:MSFT) is expanding its computing capacity to meet AI-related demand. According to a Bloomberg report on March 12, Microsoft committed around $50 billion in additional data center leases in its most recent quarter.

Microsoft Corp (MSFT) Expanding AI Capacity As It Keeps Dividends Flowing

Image by Tawanda Razika from Pixabay

Also on March 11, the Information reported that Microsoft was in talks to lease a large data center site in Abilene, Texas. The facility is under development and is expected to be equipped with Nvidia AI chips, according to the report. There’s a section of that facility that Oracle already uses to run workloads for the ChatGPT developer OpenAI.

In other news, Microsoft on March 10 announced a quarterly dividend of $0.91 per share. It plans to pay the dividend on June 11 to shareholders of record on May 21. During the December quarter, the Windows maker returned $12.7 billion to shareholders through a combination of dividends and share repurchases. It exited the quarter with $24.3 billion in cash and cash equivalents.

Microsoft Corp (NASDAQ:MSFT) is a leading global technology company. It develops and markets a wide range of software and hardware products. The company also offers a variety of services, including cloud computing solutions. Microsoft is also involved in the NFT space, including through tech provision and investment in NFT startups such as Palm NFT Studio.

While we acknowledge the risk and potential of MSFT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MSFT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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