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Barchart
Jabran Kundi

Even If There Is an AI Bubble, Wall Street Says You Should Keep Buying This Magnificent 7 Stock

OpenAI DA Davidson Gil Luria Microsoft Satya Nadella Azure

DA Davidson recently issued a stock idea that was best positioned to survive an AI bubble-bursting scenario. It is a big name, and one many are already familiar with: Microsoft (MSFT). In case you didn’t know, Microsoft has a significant stake in OpenAI, the maker of ChatGPT. It is this stake that primarily drives analyst Gil Luria’s bullish take on the stock.

According to the analyst, Microsoft has a significant dependence on OpenAI. It derives 75% of its Azure AI revenue, 17% of total Azure revenue, and 6% of overall revenue from the ChatGPT maker. This means Microsoft’s future depends heavily on OpenAI and its success. Analysts factored in various scenarios for OpenAI and believe Microsoft is well-placed to benefit from OpenAI’s growth and improving valuation.

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