1 AI Stock to Buy Hand Over Fist Before It Joins the $3 Trillion Club, According to Wall Street
(NASDAQ: MSFT) has been in fine form on the stock market in 2023, with impressive gains of 38% so far. This surge has helped the tech giant increase its market cap substantially.
The company now sports a market cap of just under $2.5 trillion. That's a nice increase over it's market cap of around $1.8 trillion at the beginning of the year. And now Dan Ives of Wedbush Securities estimates that Microsoft could become a $3 trillion company in early 2024. Ives points out that Microsoft's monetization of its artificial intelligence (AI) offerings should play a central role in helping it hit that milestone.
Given that Microsoft stock needs to jump another 20% or so from current levels to get to a $3 trillion market capitalization, there is a good chance that it reaches that mark in the next few months, especially considering the progress it is making with its AI services.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 135 Buy predictions and 2 Sell predictions.
With a target price of 440 € there is a slightly positive potential of 5.43% for Microsoft Corp. compared to the current price of 417.35 €.
