Microsoft Gets Price-Target Hike On ‘Jaw-Dropping’ Nvidia Guidance

A general view outside the Microsoft Experience Centre in Oxford Circus on April 26, 2023 in London, England. Microsoft's proposed acquisition of the video game developer Activision Blizzard was blocked by the UK's Competition and Markets Authority, which said the deal would reduce innovation and consumer choice. Microsoft, which needs the approval of regulatory bodies in the UK, United States and European Union, said it would appeal the decision. (Photo by Belinda Jiao/Getty Images)

Microsoft Corp. (NASDAQ: MSFT) is among the frontrunners in the artificial intelligence arms race. An analyst at Wedbush said on Monday he is incrementally positive about the company and its AI prospects.

The Microsoft Analyst: Daniel Ives maintained an Outperform rating and increased his price target from $340 to $375.