Microsoft (MSFT) once again proves it remains a stock worth holding
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According to CoinWorld, Microsoft shares soared nearly 3% after announcing strong results for the second quarter of fiscal year 2026, with revenue reaching $81 billion, up 17% year-on-year. Its Azure cloud business posted quarterly sales exceeding $50 billion for the first time, mainly thanks to a $750 million deal with AI startup Perplexity. Citigroup has given Microsoft a "Buy" rating with a target price of $635, predicting that driven by growth in cloud computing and AI businesses, its share price has a 54% upside from the current level of around $415.
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