Earnings Reports
Microsoft Corporation published its 2026 Q3 earnings call presentation, which included the company's latest quarterly results [1]. Apple Inc. also reported solid March quarter results and guidance for the June quarter, leading Morgan Stanley to increase its price target on the stock from $315 to $330 [3]. Amazon.com, Inc. posted stronger-than-expected cloud sales growth, supported by higher enterprise spending as companies continue to invest heavily in AI [9].
Price Targets
Stifel increased its price target on Microsoft Corporation from $392 to $415 and kept its Hold rating on the stock [8]. Pivotal Research raised its price target on Alphabet Inc. from $420 to $470 and kept its Buy rating on the stock [6]. Morgan Stanley also increased its price target on Apple Inc. from $315 to $330 and kept its Overweight rating [3].
Market Trends
The AI boom is generating billions of dollars for companies like NVIDIA Corporation [2]. Strong demand for AI computing equipment in China has pushed the price of NVIDIA Corporation's B300 servers to around 7 million yuan, or about $1 million each [5]. Apple Inc. has raised the starting price of its Mac Mini to $799 after an AI frenzy drained supply [11].