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Benzinga

Business

Rishabh Mishra

Microsoft Is 'Playing Chess, And Others Are Playing Checkers:' Dan Ives Says MSFT Could Be A $5 Trillion Company In 18 Months

Dan Ives Microsoft Daniel Ives Satya Nadella Microsoft Corp Nasdaq Azure Redmond

Microsoft

Tech bull Daniel Ives has predicted that Microsoft Corp. (NASDAQ:MSFT) is on the path to becoming a $5 trillion company in the next 18 months after he raised the stock’s price target to $600 apiece.

What Happened: After bumping his price target on MSFT, citing a "massive adoption wave" of artificial intelligence-driven Azure services, on Wednesday, Dan Ives told CNBC that he expects Microsoft to become a $5 trillion company over the next 18 months.

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