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As Microsoft Corp and Amazon.com Inc head for a potential Death Cross on their stock charts, a fierce competition between the two tech giants rages on.
Both companies are not only navigating stock market signals but also making significant strides in AI, shareholder returns, and strategic investments. Let's break down how they stack up.
Microsoft: AI Powerhouse, Shareholder Darling
Microsoft's stock might be teasing a death cross—a bearish technical indicator—but Wall Street analysts are anything but bearish. KeyBanc Capital Markets has maintained its Overweight rating on Microsoft with a sky-high price target of $490. This confidence is driven by Microsoft's explosive growth in AI, with a 60% quarter-over-quarter increase in Copilot AI customers and a big deployment with Vodafone .
Beyond AI, Microsoft is showing serious love to its shareholders. The tech titan announced a 10% dividend hike, raising the payout to $0.83 per share, and introduced a new $60 billion share repurchase program. This comes as the previous $60 billion buyback program from 2021 wraps up.
Microsoft's mix of strategic buybacks and increased dividends suggests it's on a mission to keep shareholders hooked while riding the AI wave.
Amazon: Leaner, Meaner, AI-Driven
Amazon, meanwhile, is in the midst of a major transformation. BofA Securities analyst Justin Post has reiterated his Buy rating on Amazon with a $210 price target, betting on CEO Andy Jassy's vision for a slimmer, more efficient company.
By the end of first quarter of 2025, Amazon is expected to save $700 million annually through streamlining its workforce, reducing management layers, and enforcing a return-to-office mandate.
But the real ace up Amazon's sleeve is AWS (Amazon Web Services). Amazon's multi-billion-dollar co-investment with Intel Corp in custom AI chips is set to give AWS a competitive edge in the ever-expanding AI landscape.
With the AI arms race heating up, Amazon's bet on Intel's cutting-edge 18A chips positions AWS to tap into broad-based AI demand.
The Technical Showdown: Death Cross Ahead?
While both Microsoft and Amazon stock are experiencing slight buying pressure and bullish momentum, the looming death cross—the point where the 50-day moving average dips below the 200-day moving average—casts a shadow over their technical outlooks.
Chart created using Benzinga Pro
For Microsoft stock, the price remains above key moving averages, with its 50-day SMA at $423.17.
Chart created using Benzinga Pro
Similarly, Amazon stock’s price is above its key averages.
Although these signals typically point to strength, the impending death cross hints at potential turbulence ahead for both.
Who's Winning?
In the AI arena, both companies are playing to their strengths: Microsoft with its rapidly expanding Copilot initiative and Amazon with its AWS dominance.
However, Microsoft's aggressive shareholder-focused moves, including the buyback and dividend boost, may give it the edge for now.
On the other hand, Amazon's operational streamlining could position it for stronger long-term growth, especially as it optimizes its workforce and fortifies AWS with custom AI chips.
As the battle heats up and the death cross approaches, Wall Street remains bullish, but cautious investors might want to keep a close eye on the charts.
Read Next:
Photo: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Sept 17 (Reuters) - Videogame publisher Electronic Arts EA.Osaid it expects to achieve the high end of its annual bookings forecast and unveiled the next installment of its multi-player shooter game "Battlefield" at its investor day conference on Tuesday.
The new title will mark a return to the modern-day setting, after three consecutive games set in different time periods, competing with Activision Blizzard's best-selling "Call of Duty" franchise.
EA's bet on the more-than-two-decades-old franchise comes as consumers have cut back on discretionary spending in the past year, choosing instead to stick with popular games as stubborn inflation weighed on budgets.
In July, EA announced it expects fiscal 2025 bookings between $7.30 billion and $7.70 billion.
The company also announced an "EA Sports" app to capitalize on the loyal audiences of its sports titles such as "EA FC", "Madden NFL" and the newly released "College Football". The app will act as a social platform that combines sports content, messaging and gaming, all centered on global football, it said.
Additionally, EA announced it is partnering with Amazon's AMZN.O MGM Studios to produce a film based on its simulation role-playing game, "The Sims", adding that it expects to double its annual bookings for the game in the next five years.
The global success of Sony's 6758.T "The Last of Us" television series last year has spurred Hollywood studios and gaming publishers to green-light film and TV adaptations of popular videogame intellectual properties.
The success of these adaptations is not always guaranteed, as evidenced by the recent box office disappointment of the film based on Take-Two Interactive's TTWO.O "Borderlands", which released to poor critical reviews last month.
The film grossed over $32 million in worldwide box office revenue against its estimated budget of around $115 million, according to data from film website IMDb.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Janane Venkatraman)
(( Zaheer.Kachwala@thomsonreuters.com ;))
Keywords: ELECTRONIC ARTS-INVESTORS/ (PIX)
With the ongoing digitization and artificial intelligence (AI) trend, data has become a valuable commodity. Companies that offer cutting-edge data security and cloud management solutions are finding themselves in the spotlight. One such company is Rubrik , which specializes in data management and cloud data security. Founded in 2014, it is a relatively new player in the space. Despite being a newcomer, Rubrik has quickly established itself as a force in cloud data management and cybersecurity.
The company achieved unicorn status within a few years of its founding, thanks to a series of funding rounds led by major venture capital firms. The unicorn moniker is given to privately held startups whose valuation exceeds $1 billion. According to Forbes, Rubrik was one of the few companies to achieve this status so quickly, whereas most companies take seven years or more.
In April, Rubrik went public through an initial public offering (IPO) priced at $32 per share. Following its IPO, the company is now valued at $5.7 billion, and the stock is down 17% from its highs - but Wall Street believes RBRK is a “strong buy,” with an upside potential of around 42%. That suggests the current dip may be an excellent opportunity to purchase this cybersecurity software company. Let's find out why.
Rubrik: A Dig Into Its Financials
Rubrik's products use machine learning to provide backup and recovery solutions, protecting data from cyberattacks and operational failures. As more organizations move their operations to the cloud and with cyberattacks on the rise, the demand for robust security and data protection tools like Rubrik's has increased.
Its products are known for simplifying data management, cyber-proofing enterprise data, automating workflows, and providing ransomware protection, all of which are critical features in today's increasingly complex data ecosystem.
Rubrik's total revenue in the second quarter of fiscal 2025 increased 35% year on year to $205 million. Subscription ARR (annual recurring revenue), a metric used to assess customer trust in the company's products, increased by 40% to $919.1 million.
In the previous quarter, Rubrik's CEO, Bipul Sinha, discussed how he believes the company has a massive opportunity in cybersecurity and data security, with a total addressable market of approximately $53 billion by 2027.
The company isn't yet profitable. GAAP net loss per share came in at $0.98, down from $1.35 in the same quarter last year. Management expects revenue of $830 million to $838 million for the full fiscal year, which is consistent with Wall Street's consensus estimates. Subscription ARR could range from $1.026 billion to $1.032 billion.
Furthermore, in fiscal 2026, analysts predict total revenue to increase by 27.5% to $1.06 billion. In 2021, Rubrik entered into a strategic partnership with Microsoft , solidifying its position as a major player in the cloud security industry. This collaboration aims to improve data security and resilience throughout Microsoft Azure environments.
This year, the company formed another partnership with cybersecurity firm CrowdStrike to integrate the company's Falcon XDR platform and Rubrik Security Cloud to accelerate data security transformation.
More recently, Rubrik collaborated with Mandiant, which is part of Alphabet's Google Cloud. This collaboration aims to integrate Mandiant Threat Intelligence with Rubrik Security Cloud to "help organizations before, during, and after cyber-attacks to ensure businesses can respond quickly and get back up and running as soon as possible."
What Do Analysts Say About Rubrik Stock?
Overall, Wall Street maintains a "strong buy" rating on Rubrik stock, with all 16 analysts who cover the stock giving it their highest recommendation. Recently, Robert W. Baird analyst Shrenik Kothari maintained a “buy” rating on the stock and set a price target of $42. Kothari is pleased with the increase in the company's subscription ARR, which indicates more predictable and recurring revenue.
Furthermore, after the strong quarter, analysts at Citi, Barclays, Wells Fargo, Wedbush, and more also reiterated their “buy” ratings for Rubrik stock.
Based on analysts' average price target of $44.75, Wall Street expects a potential upside of about 40.1% in the next 12 months. Plus, the Street-high target estimate of $52 implies the stock could climb by 62.8% from current levels.
The Bottom Line on Rubrik Stock
Rubrik has strong financial backing, strategic partnerships, and a product suite that addresses some of the most pressing data protection issues. Rubrik is undoubtedly a company that will continue to be on the radar of tech investors for many years to come. That said, as a growing company in a highly competitive market, it might take a while before Rubrik turns a profit. This hypergrowth AI tech stock is best suited for investors with a healthy appetite for risk and a longer investment horizon.
On the date of publication, Sushree Mohanty did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
Updated at 2:30 p.m. ET/1830 GMT
By Chuck Mikolajczak
NEW YORK, Sept 17 (Reuters) - U.S. stocks were little changed on Tuesday, giving up earlier gains that had vaulted the S&P 500 and Dow Industrial Average to record highs as investors braced for the Federal Reserve interest-rate decision.
The benchmark S&P 500 index touched 5,670.81 earlier in the session, after fresh economic data eased worries of a sharp slowdown in the U.S. economy.
The latest report from the U.S. Commerce Department showed retail sales rose unexpectedly in August, after a decline in auto dealership receipts was offset by strength in online purchases, suggesting the economy was on solid footing through most of the third quarter.
"The retail sales numbers this morning (were) maybe a little bit of an upside surprise, but still indicative of a bit of a slowdown in the pace of consumer spending," said Jim Baird, chief investment officer at Plante Moran Financial Advisors in Southfield, Michigan.
"Clearly the Fed's story tomorrow is really the dominant
story and we've gone from what seemed to be a predominant view
that 25 basis points was going to be the decision to one that
increasingly looks like a larger (interest-rate) cut could be in the offing."
Markets are pricing in a 63% chance the Fed will cut borrowing costs by 50 bps at the conclusion of its two-day meeting on Wednesday, according to the CME's FedWatch Tool. Market expectations on the cut's size have been volatile in recent days, with only a 34% chance of a 50-bps cut priced in as of last week.
Microsoft MSFT.O was the biggest lift to the S&P 500, with a 0.93% rise after the AI frontrunner's board approved a new $60-billion share-buyback program and hiked its quarterly dividend by 10%.
The Dow Jones Industrial Average .DJI fell 31.14 points, or 0.07%, to 41,592.72, the S&P 500 .SPX lost 2.48 points, or 0.04%, to 5,630.61 and the Nasdaq Composite .IXIC gained 19.58 points, or 0.11%, to 17,611.71.
The blue-chip Dow hit a record high for a second-straight day. The Russell 2000 index .RUT tracking small caps, which investors view as likely to benefit from a lower rate, outperformed with a 0.84% rise.
Energy .SPNY, up 1.31%, was the best-performing of the 11 major S&P sectors, buoyed by a climb in crude prices, while healthcare .SPXHC was the worst-performing with a drop of 1.08%.
Among other movers, Intel INTC.O gained 2.92% after signing Amazon.com's AMZN.O cloud-services unit as a customer to make custom artificial-intelligence chips. Amazon.com advanced 1.19%.
Advancing issues outnumbered decliners by a 1.6-to-1 ratio on the New York Stock Exchange and on the Nasdaq, advancing issues outnumbered decliners by a 1.36-to-1 ratio.
The S&P 500 posted 48 52-week highs and no new lows while the Nasdaq Composite recorded 135 new highs and 59 new lows.
(Reporting by Chuck Mikolajczak; Editing by Rod Nickel)
(( charles.mikolajczak@tr.com ; @ChuckMik;))
Keywords: USA-STOCKS/ (UPDATE 5)
Taiwan Semiconductor Manufacturing Co has successfully fueled Japan’s record land price appreciation for the second year, reflecting the importance of the projects on the economy.
The contract chipmaker’s new chip plants on the southern island of Kyushu have been instrumental in driving up land prices by 33.3%, Bloomberg cites Ministry of Land, Infrastructure, Transport and Tourism data.
Prior reports indicated Taiwan Semiconductor was eying a second Japanese plant in Kumamoto, potentially investing $13.5 billion after making its debut in the country with a wafer factory worth $8.6 billion.
It also plans a third advanced chipmaking plant in Japan, worth $20 billion, in Kumamoto prefecture, to produce 3-nanometer chips as Japan overhauls its chip strategy.
Taiwan Semiconductor stock has risen over 88% in the last 12 months as the Big Techs, including Microsoft Corp , Amazon.Com Inc , and Google parent Alphabet Inc , remain invested in their artificial intelligence technology ambitions.
Recently Samsung Electronics -owned Samsung Foundry lost a Google smartphone deal to Taiwan Semiconductor due to Samsung’s outdated technology.
Investors can gain exposure to Taiwan Semiconductor through SPDR S&P Emerging Asia Pacific ETF and ProShares Nanotechnology ETF .
Price Action: TSM stock is down 1.14% at $167.16 at the last check on Tuesday.
Also Read:
Photo by Jack Hong via Shutterstock
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