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Top 20 US Stock Turnover: Microsoft gained over 3% and gained favor from multiple institutions; Google's stock price fell over 9% due to the slowing growth of Google's cloud revenue. Microsoft closed 3.07% higher, with a transaction of $18.556 billion. Citigroup analyst Tyler Radke gave Microsoft a "buy" rating with a target price of $430. Wedbush Securities analyst Dan Ives gave Microsoft a "outperforming" rating with a target price of $400. Rishi Jaluria, a capital markets analyst at Royal Bank of Canada, also gave Microsoft a "outperformance" rating; Google A-shares closed 9.51% lower, the largest daily decline since March 2020, with a transaction volume of $10.522 billion. The cloud business revenue, seen as Google's next growth engine, is $8.41 billion, approximately $200 million lower than the expected $8.6 billion.
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