NEW YORK (TheStreet) -- Microsoft Corp. (MSFT) - Get Report shares are climbing 0.88% to $55.19 on Wednesday after the tech giant said during its annual gathering for developers in San Francisco that new operating system Windows 10 has 270 million active users.
This is a big accomplishment for Microsoft, which launched the latest version of its operating system about eight months ago. Its focus is to get 1 billion devices on Windows 10 by the end of 2017, and so far, it's more than 25% of the way there, according to Business Insider.
At the company's Build conference, CEO Satya Nadella also emphasized the importance of artificial intelligence, as technology can enhance products in the mobile and cloud-computing market.
This comes a week after Microsoft released its first Internet chat bot in the U.S. named Tay, which imitated the personality of a teenager. But the company had to take it down immediately after Twitter (TWTR) users taught it to spew offensive remarks.
Despite this debacle, Nadella is embracing the era of conversational intelligence and making computing more personal to users.
"As an industry, we are on the cusp of a new frontier that pairs the power of natural human language with advanced machine intelligence," Nadella noted.
Separately, TheStreet Ratings currently has a "Buy" rating on the stock with a letter grade of B+.
The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles' author.
You can view the full analysis from the report here: MSFT