AMD Shares Surge Nearly 5% amid Praise from Microsoft CTO
The longstanding partnership between Microsoft and AMD has been a strategic alliance that has shaped the tech industry in various ways.
The longstanding partnership between Microsoft and AMD has been a strategic alliance that has shaped the tech industry in various ways.
Crypto integration into Xbox also has the potential to onboard millions to crypto, further propelling adoption.
Although hundreds of billions away, Microsoft’s valuation is gradually closing in on that of Apple, racing to become the world’s largest.
The FTC believes that Microsoft acquiring Activision will grant the software giant monopoly of some choice games in the video game space.
Video game giants Sony, Microsoft, and Nintendo posted low figures for Q2 2022 due to inflation, semiconductor shortages and the end of lockdowns.
According to the official announcement by Epic regarding the humanitarian relief for Ukraine, Xbox will also be participating in the effort.
Acquiring Activision Blizzard, Microsoft will be the owner of all the structural parts of the game company. In addition, once the transaction is closed, Microsoft will become the world’s third-largest gaming company by revenue.
The switch to bring cloud gaming products to its Xbox consoles is a move that can impact the revenue potential of Microsoft in the mid to long term respectively.
Many analysts believe that this move by Microsoft should be viewed as a strategic one.
The Wedbush analyst has positively rated Microsoft shares for the past 2 years. During this period, the tech company has had a one-year high of $245.92 and a one-year low of $132.52.