UBS analysts remain bullish on Microsoft (NASDAQ:MSFT), maintaining a Buy rating and a $520 price target. They believe the company’s AI story is a significant growth driver, justifying the high valuation despite tight IT budgets. …
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Malaysia Demands Compensation From Microsoft and CrowdStrike for Global Outage
Malaysia’s Digital Minister Gobind Singh Deo has called for Microsoft and CrowdStrike to consider compensating companies that suffered losses due to a global tech outage last week. The outage, caused by a faulty update to …
Continue readingAlphabet Shares Plunge Despite Earnings Beat as Expenses Surge
Alphabet, the parent company of Google, experienced a significant drop in its share price, falling over 3% in pre-market trading on Wednesday. This decline came despite the company exceeding second-quarter earnings expectations. The primary driver …
Continue readingCrowdStrike Software Update Causes Global Tech Outage, Affecting 8.5 Million Microsoft Devices
A global tech outage, triggered by a software update from cybersecurity firm CrowdStrike, has affected nearly 8.5 million Microsoft devices. While representing less than one percent of all Windows machines, the outage has had significant …
Continue readingGlobal Tech Outage: CrowdStrike Software Update Causes Widespread Disruptions
A software update by CrowdStrike, a leading cybersecurity company, triggered widespread global computer system outages, affecting various industries, including airlines, healthcare, shipping, and finance. The incident, which began on Friday, highlighted the vulnerability of interconnected …
Continue readingGlobal Cyber Outage Grounds Flights, Disrupts Banks and Markets
A global cyber outage on July 19th caused widespread disruptions across airlines, banks, and financial markets. The culprit appears to be a faulty software update from CrowdStrike, a global cybersecurity firm. The update affected computers …
Continue readingMicrosoft Drops OpenAI Board Seat Amid Antitrust Concerns
Microsoft has stepped back from its observer position on the OpenAI board, a move that signals a shift in the companies’ relationship amid growing regulatory scrutiny. This decision comes after antitrust concerns were raised by …
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