Microsoft will maybe acquire Nuance Communications. Is this good for Microsoft shareholders?
You probably haven't heard Microsoft(MSFT) on the news for anything crazy the past decade, but Microsoft has been quietly growing ever since it moved its focus towards cloud. Microsoft has a current valuation of $1.93 trillion and is on route to join Apple as the only two companies to reach $2 trillion. Microsoft has been on a roll this year going up over 17% and increasing over 54% in the past year showing their strong performance. Microsoft is working to acquire AI and speech recognition company, Nuance Communications(NUAN) for $16 billion. If Microsoft were to successfully reach an agreement with Nuanace, it will help them with their expansion into the health care industry. A combination of their cloud services with AI software can help hospitals transition into the digital age and let them provide better services, while also benefitting Microsoft. If Microsoft can settle the deal, Microsoft is a definite buy for the long run.