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Benzinga

Business

Rishabh Mishra

Microsoft Stock Poised For 23% Rally As AI Monetization Gains Steam, Dan Ives Says

Dan Ives Microsoft Azure Microsoft Corp Nasdaq Wedbush Securities

Washington,,United,States,-,April,04,2024:,Microsoft,Logo,On

Reflecting the surging tide of artificial intelligence, Wedbush Securities analyst Dan Ives has raised his price target for Microsoft Corp. (NASDAQ:MSFT) to $600, up from an earlier estimate of $425, citing a “massive adoption wave” of AI-driven Azure services.

What Happened: The announcement, made via X, underscores Ives’ confidence in Microsoft's pivotal role in the AI revolution, dubbing it the company's “shining moment.”

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The union representing flight attendants has raised safety concerns about President Donald Trump's proposed triumphal arch near Ronald Reagan Washington National Airport

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Venezuelans in South Florida Demand End ICE Partnership as Immigration Crackdown Fuels Midterm Backlash

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Appeals court reverses convictions in kidnapping and terrorism case involving 3-year-old boy's death

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