Wedbush raises Microsoft bull case to $275 on cloud momentum

Wedbush raises Microsoft bull case to $275 on cloud momentum

As a result of many accelerated shift to cloud due to many people working from home, Wedbush analyst Dan Ives raised the bull case on shares of Microsoft to $275, saying the boost reflects “increased confidence in the transformational cloud story in Redmond.” Azure's cloud momentum has been so swift, in fact, that it’s “narrowing the gap” with rival Amazon’s AWS. The Final Round panel discusses. ...

Zoom hits political turbulence in Washington, Beijing; lobbyists ready

Zoom Video Communications, whose remote meeting app made the obscure California company a hub for global communications during the coronavirus pandemic, now finds itself fighting political battles in Washington and Beijing. This month, Zoom suspended accounts of three U.S. and Hong Kong activists at Beijing's request after they tried to commemorate the anniversary of the 1989 Tiananmen Square crackdown. Then on Thursday, three U.S. lawmakers asked Zoom to clarify its data-collection practices and relationship with the Chinese government....