Prediction: This Artificial Intelligence (AI) Stock Could Be Worth More Than Microsoft 5 Years From Now
(NASDAQ: MSFT) is now the most valuable company in the world, with a market capitalization of just over $3 trillion. The proliferation of artificial intelligence (AI) has played a central role in helping the tech giant reach this position.
Shares of Microsoft have jumped more than 72% since the beginning of 2023 when the AI revolution started taking hold. The stock's performance has matched that of the Nasdaq-100 Technology Sector index during this period. Microsoft's impressive rally seems well-deserved considering that the company has been quick to monetize its partnership with OpenAI and is offering a wide range of AI-focused solutions across its software portfolio.
AI has started moving the needle for Microsoft already, with the company witnessing growth in lucrative markets such as cloud computing. Looking ahead, Microsoft could remain a solid AI play thanks to adoption of the technology in the workplace collaboration, cloud, gaming, and personal computer (PC) markets.
Source Fool.com
Microsoft Corp. Stock
With 100 Buy predictions and 2 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 402 € shows a slightly positive potential of 8.37% compared to the current price of 370.95 € for Microsoft Corp..
