MSFT Stock to Gain from Microsoft Cloud
Buz Investors Gain from Microsoft Cloud Microsoft Corporation (NASDAQ:MSFT) has been reinventing itself as a strong technology player in the era of digital transformation. The management has been able to impress investors with its turnaround efforts and Microsoft stock has been inching upwards gradually for a while now. MSFT stock closed at $64.75 Wednesday, en route to making another new high on account of favorable news flow coming over the past few days.
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Gain from Microsoft
Last week, QUALCOMM, Inc. (NASDAQ:QCOM) announced its collaboration with Microsoft to speed up the next generation cloud services on its 10 nanometer “Qualcomm Centriq™ 2400” platform. This partnership will extend to multiple future generations of hardware, software, and systems. (Source: “Qualcomm Collaborates with Microsoft to Accelerate Cloud Services on 10nm Qualcomm Centriq 2400 Platform,” QUALCOMM, Inc., March 8, 2017.)
Qualcomm Datacenter Technologies (QDT) has been working with Microsoft on ARM-based server establishment for a number of years now, and this partnership has enabled innovations such as the Qualcomm Centriq 2400, which can be designed and deployed into the data centers rapidly. Microsoft has been active in pushing such hardware innovations in order to bring down costs and strengthen its position against competitors like Amazon.com, Inc. (NASDAQ:AMZN).
The company has introduced more than 100 new features to Teams since November, as it competes in the business chat app category with “Slack.” The business collaboration space is becoming very competitive with Google-parent Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL) also revamping “Hangouts” by splitting it into “Hangouts Meet” and “Hangouts Chat.
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