Microsoft will invest more than $10 billion in the Middle East through 2030.
The capital expands cloud and AI infrastructure across Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates.
Microsoft allocated over $400 million to enhance subsea and terrestrial network connectivity.
Stifel upgraded Microsoft stock to Buy from Hold.
The firm raised its price target for the company to $575 from $530.
Analysts cited confidence in revenue growth sustained by Microsoft’s Azure and Copilot AI strategies.