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Microsoft unveils AI-powered Copilot+ PCs with Qualcomm chips

BATS:MSFT   Microsoft Corp.
On 20 May, Microsoft Corp. (MSFT) hosted a private product presentation, a precursor to the official Microsoft Build 2024 developer conference. The highlight of this event was the unveiling of the Copilot+ PCs, a new category of personal computers. These PCs are distinguished by their embedded neural processing units (NPUs), designed to enable artificial generative intelligence operations directly on the devices without an internet connection.

The performance specifications for the new Surface Laptop and Surface Pro, powered by Qualcomm chips, are particularly notable. Microsoft reports that the Surface Laptop is 23% more productive than the M3-based Apple MacBook Air under peak loads in multi-threaded tasks. Additionally, the Qualcomm chips render the Surface Laptop 58% faster in AI-driven tasks than its Apple counterpart.

Exploring investment opportunities, let's analyse the technical chart of Microsoft Corp. (NASDAQ: MSFT):

On the Daily (D1) timeframe, Microsoft's stock has recently broken through a resistance level at 424.00 USD, with new support forming at 418.00 USD. Following a recent corrective dip, the stock has entered an uptrend, suggesting room for further price increases. A downside target could be around 410.00 USD if there is a trend reversal.

A short-term buying target could be 448.00 USD if the uptrend persists. A medium-term investment price target could be 470.00 USD as the positive momentum continues.

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