Microsoft Hits Record High After NVIDIA and Apple. Who's Next?
On Thursday, $Microsoft(MSFT.US$'s stock price rose 3.19% to $348.10, reaching a historical high and becoming the third big tech this year to hit the historical high after $NVIDIA(NVDA.US$ and $Apple(AAPL.US$, with a total market value of approximately $2.6 trillion.
Microsoft's stocks rose on Thursday as Mizuho and JP Morgan raised their price targets on the stock. Mizuho raised its target from $340 to $360, expressing increased conviction in Microsoft's ability to monetize generative AI, while JPMorgan raised its target from $315 to $350 and drew attention to an accelerated path to $10 billion in the company's AI business.
As NVIDIA hit its historical high after announcing its earnings results in May, Apple and Microsoft followed suit this week. Currently, $Alphabet-A(GOOGL.US$ is closest to its peak among FAAMNG, with a potential increase of 17.5% to surpass the previous high. Meanwhile, $Tesla(TSLA.US$, which had been on a 13-day streak of gains, still has a 38.3% gap to fill.
Read more: Big Tech Stocks Surge Close to Record Highs
Mooers, which big tech will be the next to break its historical high in your opinion?
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StockGuru71 : Riding on the AI fever
Dchris : Tesla is coming
71432957 : Y
meikaj : Tesla is right Next turn
101816930 :
Chillax guy : One more option. Chee Bye
Silverbat : Seems Tesla will hit new highs in Q3