Advertisement|Remove ads.
Microsoft Corp. ($MSFT) has been trending on Stocktwits after the company announced Monday plans to launch autonomous agents, pitching itself against Salesforce, Inc. ($CRM), which has its own AI agents to service businesses.
The software giant’s stock was the second most-trending stock on Stocktwits, with both sentiment and message volume extremely positive.
In a blog post, Microsoft said it would provide organizations with the ability to create AI agents with Copilot Studio. This will be in public preview, beginning with the company’s Ignite Conference scheduled for November 19.
The Satya Nadella-run company also plans to introduce 10 new AI agents in Dynamics 365 to build capacity for every sales, service, finance and supply chain team.
“We will create many more agents in the coming year that will give customers the competitive advantage they need to future-proof their organization,” the company said in the post.
On Stocktwits, sentiment has improved from ‘neutral’ on Monday to ‘extremely bullish’ (90/100) as of 11:52 am ET. Message volume perked up from ‘low’ to ‘high’ (71/100).
As the stock gains steam, some watchers are calling out for a new high. Its previous intraday high was $468.35 (July 5).
The stock may also be getting a lift from Loop Capital’s positive expectations concerning the company’s earnings scheduled for Oct. 31. Analyst Yun Kim maintained a ‘Buy’ rating and $500 price target for the stock, ahead of the company’s fiscal first-quarter results, The Fly reported. The analyst said he expects a solid quarter, with most key drivers showing at least modest acceleration.
As of 11:52 am ET, the stock climbed 1.92% to $426.83.
Read Next: Texas Instruments Stock Slips Ahead Of Earnings, Retail Sentiment Turns Bullish Amid Rise In Chatter
For updates and corrections email newsroom@stocktwits.com