Investors Should Avoid This AI Stock, and It's Not the One You Think
Many artificial intelligence (AI) stocks have gone through the roof over the past few months, including high fliers like Nvidia or C3.ai. However, this trend has benefited other companies, including tech giant Microsoft (NASDAQ: MSFT).
The company has added nearly $1 trillion to its market cap since 2023 started, yet it doesn't have business results to back up the gains. As a result, I'm adding Microsoft to the list of companies that are seeing unreasonable hype thanks to AI. Read on to learn why investors should avoid adding to their Microsoft positions right now.
Microsoft's products don't need much introduction; they are installed on nearly every computer globally and have significantly impacted how much computational power a business has with its cloud computing offering.
Source Fool.com
Microsoft Corp. Stock
With 106 Buy predictions and 1 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 420 € shows a slightly positive potential of 6.52% compared to the current price of 394.3 € for Microsoft Corp..
