tl;dr
Preeti Singh, SA News Editor President Joe Biden will travel to Wisconsin today to announce a $3.3 billion investment by Microsoft (NASDAQ:MSFT) to build a new artificial intelligence datacenter in the city of Racine. The datacenter will be built on the same land where Taiwanese electronics manufact...
Preeti Singh, SA News Editor President Joe Biden will travel to Wisconsin today to announce a $3.3 billion investment by Microsoft (NASDAQ:MSFT) to build a new artificial intelligence datacenter in the city of Racine. The datacenter will be built on the same land where Taiwanese electronics manufacturer Foxconn (OTCPK:FXCOF) (OTCPK:FITGF) had planned a $10 billion investment six years ago, before withdrawing those plans. The facility will help generate 2,300 union construction jobs and 2,000 permanent jobs over time, The White House said. The tech giant will partner with Gateway Technical College to train 1,000 people for datacenter and other “STEM” (science, technology, engineering or math) roles by 2030, and will employ up to 2,000 people in permanent roles at its Racine facility. In addition, it will set up a co-innovation lab in southeast Wisconsin, as well as team up with the startup accelerator Gener8tor to train 1,000 business leaders to adopt artificial intelligence in their operations. “Together, these investments will position the industrial heartland to lead the way in industries of the future,” The White House added. Shares of Microsoft (MSFT) were marginally up premarket on Wednesday, and are up over 10% year-to-date.
More about Microsoft Corporation
Microsoft Corporation Summary Microsoft Corporation
Microsoft Corporation is an American multinational technology company which produces computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue; it was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.
Stock Analysis
Sector: Technology
Industry: Services-Prepackaged Software
Market Cap: $304.23 billion
Current Price: $35.47
Change: $2.93 (11.54%)
52-Week Range: $31.83 - $0.364
Volume: 236,583,993
EPS: $472.18
Dividend Yield: 0.2%
Beta: 0.17
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