Following a $750 Million Deal with Perplexity, Is Microsoft Stock a Buy, Sell, or Hold?

Microsoft (MSFT) just landed a massive $750 million cloud deal with AI search startup Perplexity, but investors aren't exactly celebrating, given MSFT stock tanked 10% following the company's latest earnings report. According to a Bloomberg report, the Perplexity deal could be a key win for Microsoft's Azure cloud business. The deal allows the AI search company to deploy models from OpenAI, Anthropic, and xAI through Microsoft's Foundry service. More News from Barchart It's a strategic move that divers ...