Microsoft Corporation (MSFT) Points To Trust For Company To Become Top Brand For Cloud Computing

Microsoft Corporation (NASDAQ:MSFT) is doing its best to make waves in the cloud computing space, and CEO Satya Nadella is confident the tech giant will be able to make the noise it’s capable of making. Nadella points to a single factor that helps to bolster his confidence.

CNBC shares what the Microsoft CEO had to say.

Microsoft CEO Satya Nadella says consumer trust will push the company’s cloud product ahead of competitors Amazon and Google.
“Trust, not just in the technology, the ethics around AI, privacy, security — all that also matters —[but] trust in [the] business model,” Nadella told CNBC in an interview published Monday.

As concerns about data privacy loom in the air, Nadella notes that Microsoft doesn’t have any “targeting business that is at large.” Quite simply, Microsoft takes a different tact than its competitors, and the CEO feels that approach will win out in the long run.

“I think people are going to put more value on their data. Even individual consumers are going to wake up to the fact that there’s nothing free,” Nadella added.

Microsoft Corporation shares fell $0.22 (-0.23%) in premarket trading Tuesday. Year-to-date, MSFT has gained 12.66%, versus a 0.18% rise in the benchmark S&P 500 index during the same period.

MSFT currently has a StockNews.com POWR Rating of A (Strong Buy), and is ranked #1 of 67 stocks in the Software – Application category.