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Story summary
- Microsoft Corporation (MSFT) shares rose 1.5% after Baird initiated coverage with an Outperform rating and a $600 target.
- Analysts project capital expenditures will rise from $88 billion in 2025 to $143 billion in 2026, driven by AI.
- Despite spending concerns, Microsoft reported a 40% Azure segment revenue increase and solid earnings growth.
- Analysts have raised price targets, citing confidence in Microsoft's balance sheet and business model for AI-led growth.
