First Analysis analyst Corey Greendale kept his Strong Buy rating and $47 price target on Pluralsight (PS) after meeting with its management, saying the discussion highlighted opportunities around the "market expansion potential" from its GitPrime acquisition. The analyst believes that the company can generate strong free cash flow and produce organic revenue growth of over 30% as it continues to improve its sales and marketing efficiency. Greendale adds that Pluralsight managment also highlighted the "efficiency potential" of its Microsoft (MSFT) partnership.

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Notable profits for the buyer who lifted the $27.10 offer for 9,569 Microsoft (MSFT) Dec-24 400 puts yesterday at 11:02ET when underlying shares were trading at $398.77. Shares closed at $389.33, and the puts at $31.35 for a mark-to-market profit of 16%, or $4068K, on the $25932K outlay.

KeyBanc analyst John Vinh lowered the firm's price target on AMD (AMD) to $230 from $270 and keeps an Overweight rating on the shares. The firm notes AMD posted solid Q1 results, which were slightly above expectations, driven by strong data center as MI300X revenues, along with Client, offset weaker results in Embedded and Gaming. Additionally, AMD increased its 2024 data center GPU outlook to $4B vs. $3.5B prior. KeyBanc believes the $4B outlook is likely to be viewed as disappointing and reflects near-term impacts from Microsoft (MSFT) order cuts and HBM3 performance issues. However, the firm still believes the GPU outlook is likely to be conservative and that there is still greater demand than what AMD can supply this year.

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Amazon (AMZN) is scheduled to report results of its first quarter of 2024 after the market close on Tuesday, April 30, with a conference call scheduled for 5:30 pm ET. Here's what to... To see the rest of the story go to thefly.com. See Story Here

Genpact (G) announced a collaboration with Microsoft (MSFT) focusing on using data, technology, and AI to fuel innovation for finance organizations globally. This collaboration will bring Microsoft Azure OpenAI Service together with Genpact's expertise enabling quicker decision-making supported by a foundation of data and AI. Genpact is also modernizing its own finance function through Microsoft's AI tools to drive superior employee and supplier experience. Genpact has implemented a large language model-based digital assistant, which uses advanced natural language processing and machine learning to streamline tax document submissions.

WELL Health Technologies is pleased to announce it is collaborating with Microsoft to accelerate healthcare's digital transformation. This five-year agreement is set to accelerate the digital transformation of healthcare delivery across North America and beyond, integrating Microsoft Cloud and AI capabilities with WELL's comprehensive digital health platform to innovate and enhance the healthcare experience for both providers and patients. A key focus will be to substantially elevate WELL's scalability and flexibility as part of its offerings, especially as its organic growth accelerates and it aims to help large enterprise clients such as those in public sector.

Conduent (CNDT) announced an innovation initiative with Microsoft (MSFT) that will use Microsoft Azure OpenAI Service to bring the power of generative AI to drive quality, productivity and faster cycle times for Conduent's global clients. The innovative initiative initially is exploring generative AI implementation in healthcare claims management, customer service platforms and fraud detection, with three pilots underway. By integrating generative AI into its client offerings and internal operations, Conduent builds on its longstanding history of delivering technologies and solutions that improve client operating and cost performance, enhance customer experience and optimize business processes..."With a heritage built on helping our clients improve their business performance through technologies such as automation, machine learning, and digitalization, we are excited to collaborate with Microsoft to develop the next generation of business solutions that will be powered by generative AI," said Cliff Skelton, Conduent President and Chief Executive Officer. "We are focused on harnessing the potential of generative AI to further advance our solutions and capabilities leading to improved quality, efficiency and productivity for our clients and in our own operations." "

Microsoft (MSFT), Meta (META), and Alphabet (GOOGL) disclosed last week that they had spent more than $32B combined on data centers and other capital expenses in Q1, as they accelerate AI spending, The New York Times' Karen Weise reports. The companies all said in calls with investors that they had no plans to slow down their AI spending, Weise writes. Reference Link