Impact of AI on Stocks: Microsoft Downgraded and Micron Rally to Sustain
Sunday, 29 September 2024, 00:27
Microsoft Downgraded from Buy to Neutral
Analysts at D.A. Davidson have downgraded Microsoft (NASDAQ: MSFT) from a Buy to a Neutral rating, while keeping a $475 price target. This decision is fueled by increasing competition in AI, which has raised concerns regarding Microsoft's market position.
Micron’s Rally Will Sustain
On the brighter side, Micron (NASDAQ: MU) experiences a rally anticipated to sustain. Growing investor confidence in AI technology supports this positivity, presenting opportunities within the sector.
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