Microsoft's valuation could surge $300 billion with ChatGPT and AI set to transform its business
$Microsoft(MSFT.US$ 's market capitalization could jump $300 billion thanks to the rise of AI, according to Wedbush.
Ives upped his price target for the tech stock from $340 to $375 a share – up 13% from its current $333 level, equivalent to adding $300 billion worth of market capitalization.
"ChatGPT will be the next leg of the growth stool" for the tech giant, Dan Ives said in a research note.
Ives’ bullish outlook comes after chipmaker Nvidia posted stunning gains last week on the evidence that AI had boosted its sales.
Ives’ bullish outlook comes after chipmaker Nvidia posted stunning gains last week on the evidence that AI had boosted its sales.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Video Sharer
news porter, welcome and respect all view~
1912Followers
33Following
5171Visitors
Follow
Dwight K Schrute : I want to buy calls into the earnings but that shit is so risky they are so inflated rn I’m thinking of just holding shares because if this does get good earnings it could short squeeze forsure I might dabble with calls after earnings tho if it they are really good
shy Iguana_0002 : Could also dice horribly due to a much more sophisticated and strategic competitor