Microsoft pushes back on Xbox’s rumored funding but stays committed to gaming

A rumor that Microsoft would give Xbox a blank check for support circulated but the company clarified this wasn’t the case; Nadella stressed that Microsoft remains long on gaming and will continue to invest, though not without limits. The clarification coincided with a modest dip in MSFT shares, while analysts maintain a Strong Buy rating with an average target around $594 per share, implying substantial upside.