tl;dr
Microsoft's (NASDAQ:MSFT) generative artificial intelligence products are expected to boost the company's performance in the next 12 months, according to Morgan Stanley. A January survey found that 68% of chief investment officers plan to adopt Microsoft's generative AI solutions in the next year. A...
Microsoft's (NASDAQ:MSFT) generative artificial intelligence products are expected to boost the company's performance in the next 12 months, according to Morgan Stanley. A January survey found that 68% of chief investment officers plan to adopt Microsoft's generative AI solutions in the next year. Analyst Keith Weiss wrote in a note that while investors might not see much evidence of this during the fiscal second-quarter, its contributions will be made apparent by year's end. Weiss has raised his price target on Microsoft to $450 from $415 due in part to the tech giant's generative AI products. Microsoft's generative AI products, such as Azure OpenAI Service and Microsoft 365 Copilot, are marketed to help businesses transform their product and service portfolios and leverage its benefits. Microsoft is expected to report fiscal second-quarter results on Jan. 30, with analysts expecting the company to earn $2.76 per share on $61.05B in revenue.
More about Microsoft Corporation
Microsoft Corporation is a leading American multinational technology company, known for its software products such as Microsoft Windows, Office suite, and web browsers, as well as hardware products like Xbox and Microsoft Surface. With a total revenue of $294.69 billion, the company operates in the technology and services-prepackaged software sector. The stock performance shows a current price of $420.53, with a 52-week high of $38.46 and a low of $29.35. The market sentiment indicates a bullish trend with a Relative Strength Index (RSI) of 0.353, suggesting a potential for further upward movement. However, it's important to note that past market behavior is not always a reliable indicator of future performance, and there are potential risks and uncertainties associated with this analysis.
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