Microsoft Corporation (NASDAQ:MSFT – Get Free Report)’s share price fell 1.1% during mid-day trading on Wednesday after an insider sold shares in the company. Specifically, EVP Takeshi Numoto sold 4,810 shares of Microsoft stock in a transaction that occurred on Tuesday, August 4th. Wedbush reiterated an “outperform” rating and set a $575.00 price objective on shares of Microsoft in a report on Wednesday, May 13th. Forty-two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Microsoft’s AI Chips and Efficiency GainsCEO Satya Nadella said Microsoft’s internally developed AI chips are producing efficiency gains of up to 40%.