Kenvue (KVUE) said Wednesday it will collaborate with Microsoft (MSFT) to help modernize its digital operations.
The health products maker will scale its use of Microsoft Azure to capitalize on its services including data analytics and artificial intelligence over the next five years.
Kenvue said it is already piloting the use of systems and tools that integrate Azure AI and other Microsoft products in connection with supply chain and operations, among other things.
Shares of Kenvue were up 3.6% in recent premarket activity, while Microsoft fell 0.9%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.