Keep an eye on Microsoft (MSFT).
Last trading at $336.63, the tech giant could see higher highs. All on the release of its M365 CoPilot. According to Piper Sandler, as quoted by CNBC, ““We see the formal release of M365 Copilot this week as an ‘iPhone moment’ for MSFT as part of a broader strategy to capitalize on a first-mover advantage in generative AI.”
The comments come as MSFT gets ready to launch its CoPilot artificial intelligence subscription services this week. As also noted by the firm, “While AI investments only garnered half a billion in revenue last quarter, Microsoft’s broad AI ambitions could add $10 billion in revenue by 2025 and $100 billion longer term.”
Also, per a Microsoft press release, “With copilots, we are making the age of AI real for people and businesses everywhere,” said Satya Nadella, chairman and chief executive officer of Microsoft. “We are rapidly infusing AI across every layer of the tech stack and for every role and business process to drive productivity gains for our customers.”
From a current price of $336.63, we’d like to see MSFT closer to $400 by December.
