Better AI Stock: Microsoft vs. IBM
One of the big secular trends of the past year has been artificial intelligence (AI). The market for AI is forecast to hit $305.9 billion in 2024, and expected to grow to $738.8 billion by 2030.
This market expansion serves as a multiyear tailwind for companies developing AI technology. That includes tech veterans International Business Machines (NYSE: IBM) and (NASDAQ: MSFT). The demand for each company's AI offerings helped propel both companies' stocks higher over the past year.
IBM shares were at a 52-week low of $120.55 last May before reaching a high of $196.90 this year. Meanwhile, Microsoft shares went from a 52-week low of $245.61 last March to a high of $420.82 on Feb. 9.
Source Fool.com
Microsoft Corp. Stock
€379.05
0.480%
The stock is one of the favorites of our community with 102 Buy predictions and 1 Sell predictions.
With a target price of 433 € there is a slightly positive potential of 14.23% for Microsoft Corp. compared to the current price of 379.05 €.
