Microsoft's $750 Million Cloud Deal with AI Startup Perplexity Aims to Boost Azure Growth

Microsoft has entered into a $750 million cloud partnership with AI search startup Perplexity to bolster its Azure cloud service. According to NS3.AI, this strategic move comes as Microsoft's stock has experienced a 24% decline over the past six months, attributed to weak earnings and underperformance in crucial areas. Despite the stock's downturn, analysts maintain a largely optimistic outlook, viewing the partnership as a potential catalyst for revitalizing Azure's growth and enhancing Microsoft's position in the market.