Microsoft’s Price Target Raised on Expected Azure Growth 
<p>Bernstein increased the price target for <a href='https://financialmodelingprep.com/financial-summary/MSFT'>Microsoft (NASDAQ:MSFT)</a> from $342 to $380 per share, citing anticipated growth in Azure. </p>
<p>The analysts emphasize the significant market opportunity in the Software/Cloud/Internet sector, particularly in the hyperscale market, which is estimated to be worth over $1 trillion. They also highlighted Microsoft's management's expectation that AI services will contribute approximately 1% to Azure's incremental growth in the next quarter, considering this to be a substantial figure. </p>
<p>The analysts suggest that the demand for AI, particularly following the GPT announcements, will be a major driver for Azure, potentially surpassing Google as the leader in AI capabilities. They added that this trend could significantly contribute to Azure's long-term revenue growth.</p>

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