Microsoft invests $1.5bn in UAE's AI leader amid strategic pivotMicrosoft Corp. has announced a substantial 1.5 billion USD investment in G42, the United Arab Emirates' foremost artificial intelligence firm. Following G42's agreement to cease cooperating with China and align itself with US interests, this move aims to bolster G42's utilisation of Microsoft's Azure cloud platform for its AI applications, significantly enhancing Microsoft's footprint in the AI and security sectors.
This strategic investment aligns with the US policies aimed at curtailing China's access to advanced technologies. It underscores a broader trend of public-private partnerships promoting US corporate investments in foreign AI enterprises.
Turning our attention to Microsoft Corp. (NASDAQ: MSFT) for stock trading insights:
On the Daily (D1) timeframe, Microsoft's stock has set a support level at 412.80 USD and resistance at 430.80 USD. Recently, the stock broke its uptrend line, suggesting that it might now be moving within a channel defined by these support and resistance markers. A support level breach could see the stock decline towards 398.10 USD.
Investors might find it appealing to initiate a buy if the stock breaks through the resistance at 430.80 USD, with a short-term target of 448.00 USD. For those looking at a medium-term investment horizon, holding a long position with a target of 470.00 USD could be considered once the resistance level is surpassed.
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