Microsoft CEO Satya Nadella (Jason Redmond/Getty Images)

Jefferies raises its Microsoft price target to $600, saying Copilot adoption is growing

The firm surveyed enterprise decision-makers and found Copilot adoption is ramping faster than ChatGPT.

7/15/25 10:39AM

After surveying 40 large enterprise decision-makers about Microsoft, Jefferies has raised its price target on the tech giant to $600 from $550, citing faster adoption of M365 Copilot versus OpenAI’s ChatGPT. The firm found that 82% of respondents have adopted Copilot compared to 71% for ChatGPT. It also found that 57% are significantly or modestly increasing Azure cloud spend due to Copilot, compared with 36% in the last survey in September. Jefferies expects Copilot to drive more than $11 billion in revenue in the 2026 calendar year.

Last month, Wedbush Securities analyst Dan Ives also raised his price target on Microsoft to $600, citing “incrementally bullish recent AI customer checks in the field with a massive adoption wave of Copilot and Azure monetization now on the doorstep for Microsoft.” Both Wedbush and Jefferies’ notes contradict a report last month by Bloomberg saying Microsoft’s sales team was having trouble convincing companies to use Copilot over ChatGPT, which many employees prefer.

Of course, the people making the decisions have different incentives than the employees at large, including the consideration of Microsoft’s long-standing and deep existing relationships with its client companies.

Microsoft is up 0.4% in early trading.

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Report: Amodei told staff that Anthropic was targeted for lack of “dictator-style praise” for Trump

More details are leaking out from Anthropic about how CEO Dario Amodei explained the company’s dramatic schism with the Pentagon over its AI terms of use.

The Information shared details from a leaked 1,600-word memo to employees that Amodei reportedly sent on Friday after the Trump administration attacked the startup.

Per the report, Amodei told his staff that the reason the company was on the outs with the Trump administration was the fact that it had not given “dictator-style praise” to President Trump, “(while Sam has),” referring to OpenAI CEO Sam Altman.

Amodei also noted that OpenAI President Greg Brockman and his wife donated $25 million to the MAGA Inc super PAC, which likely put their competitor in the good graces of Trump and co.

Anthropic CEO Memo: Trump Disliked Company For Not Giving ‘Dictator-Style Praise’

Amodei also noted that OpenAI President Greg Brockman and his wife donated $25 million to the MAGA Inc super PAC, which likely put their competitor in the good graces of Trump and co.

Rani Molla11h

“Fortnite” returning to the Play Store worldwide after Google lowers fees and opens Android

After years of fighting with “Fortnite” maker Epic Games, Google is hitting reset on Android — cutting Play Store fees, loosening its grip on billing, and making it easier for rival app stores to set up shop on millions of devices.

The move could also dent one of Google’s lucrative businesses: Play Store commissions.

In a blog post Tuesday, Google said it will let developers use their own billing systems alongside Google Play’s, link out to external purchase pages, and distribute apps through third-party app stores that meet Google’s safety standards. The company is also lowering Play Store fees in key markets, with billing fees around 5% for developers that use Google’s system, service fees roughly 20% on new installs, and subscription fees around 10%. The changes will roll out on a staggered schedule, beginning mid-2026.

In a corresponding post, Epic said “Fortnite” would expand worldwide on Google Play. “These changes will evolve Android into a true open platform,” the company wrote. “Fortnite” returned to the Play Store in the US in December after the two companies reached a settlement following years of antitrust battles.

Google’s Changes Will Open Android Devices to Competition

Rani Molla14h

Apple debuts $599 Google Chromebook competitor

Apple’s latest product announcement this week is an opening salvo against Google’s ubiquitous Chromebook. On Wednesday, the iPhone maker unveiled the MacBook Neo, which starts at $599 — or $499 for students — the lowest price ever for a MacBook. Apple typically skews to the high end of the market.

The Neo is still more expensive than typical Chromebooks, which are hugely popular in schools, but it’s less stripped down, with a sharper display, aluminum case, and a more powerful processor than many Chromebook models.

Say hello to MacBook Neo

Rani Molla

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Musk says Tesla will be one of first companies to reach AGI

He also said we’d reach artificial general intelligence within two years... about two years ago.

Elon Musk Speaks During A town Hall Event In Green Bay, Wisconsin

Rani Molla18h

Bank of America upgrades Tesla, expecting it to “quickly become a leader in robotaxi services”

Tesla jumped in premarket trading after Bank of America reinstated coverage of the EV maker and upgraded it to “buy” from “hold,” with a price target of $460.

“We expect TSLA to quickly become a leader in robotaxi services, given its ability to scale more profitably than competitors,” analyst Alexander Perry wrote, noting that Tesla’s approach eschews more expensive (but more robust) technology like lidar.

BofA says Tesla’s Robotaxi service could amount to $844 billion in equity value and more than half Tesla’s valuation.

Currently, Robotaxi operates in two markets with heavy human oversight. In Austin, most of the rides involve a safety monitor sitting in the front seat, and in the Bay Area, all rides are driven by a human using supervised Full Self-Driving tech.

Alphabet subsidiary Waymo, meanwhile, is currently operating its driverless ride-hailing service in 10 US markets.