Microsoft on its way to a $3 trillion capitalization

Just recently, the U.S. corporation Apple ended the trading day with a market capitalization of $3 trillion, and Microsoft could be next in line, CNBC writes, citing forecasts from Wedbush analysts.

Thus, Wedbush analyst Dan Ives believes that thanks to the hype around the use of artificial intelligence, Microsoft's market value could reach $3 trillion as early as the beginning of 2024.

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According to the expert, Microsoft has invested billions in OpenAI, the company behind ChatGPT, and will share in any potential profits. Microsoft's Azure cloud business is also a potential beneficiary as more companies adopt server-intensive artificial intelligence techniques. That said, the projected additional costs for companies to implement AI could be significant, even for a major bigtech like Microsoft.

Из-за ажиотажа вокруг ИИ акции Microsoft уже выросли почти на 41% с начала года.