Better Artificial Intelligence (AI) Stock: Microsoft vs. Oracle
The cloud infrastructure market got a nice boost over the past two years thanks to the growing adoption of artificial intelligence (AI). Companies across the globe have been using cloud services to train AI models for their specific purposes.
The massive demand for AI in the cloud is the reason Goldman Sachs expects the global cloud infrastructure market to clock $2 trillion in revenue in 2030 as compared to $496 billion last year. The investment bank forecasts that generative AI alone could drive $200 billion to $300 billion in annual cloud spending by the end of the decade.
(NASDAQ: MSFT) and Oracle (NYSE: ORCL) are two companies trying to make the most of this huge cloud infrastructure opportunity. But which one of these two cloud-focused AI stocks should you consider buying right now? Let's find out.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 107 Buy predictions and 1 Sell predictions.
With a target price of 431 € there is a slightly positive potential of 11.53% for Microsoft Corp. compared to the current price of 386.45 €.
