Last week, Apple became the first company ever to end a trading day with a $3 trillion market value. Microsoft is not far behind.
The $3 trillion club won't be a lonely one for long, according to Wedbush. Last week, Apple became the first company ever to end a trading day with a $3 trillion market value . Wedbush analyst Dan Ives said in a note to clients on Wednesday that the boom in artificial intelligence means that Microsoft will soon follow. "With AI the next step we believe on a sum-of-the-parts valuation that MSFT should join Apple in the exclusive $3 trillion club by early 2024," Ives said.
mountain Shares of Microsoft are up more than 40% year to date. Ives has an outperform rating on Microsoft, with a $375 price target, plying further upside of 11% from where Microsoft last closed.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon, Google, Apple, Meta, Microsoft say they meet EU gatekeeper statusAlphabet's Google, Amazon , Apple , Meta Platforms and Microsoft have notified the European Commission that they qualify as gatekeepers under new EU tech rules, EU industry chief Thierry Breton said on Tuesday.
Read more »
Pegasystems stock rises after Wedbush upgrade to outperformPegasystems Inc. stock is up 4.4% in premarket trades Wednesday after Wedbush upgraded the business software company to outperform from neutral and raised...
Read more »
Exclusive: Microsoft faces EU antitrust probe after remedies fall short, sources sayMicrosoft is likely to face an EU antitrust investigation in the coming months after remedy discussions with the EU watchdog to avert such a move appear to have hit a roadblock, people familiar with the matter said.
Read more »
Microsoft seems to think we’re getting a PS5 Slim this yearMicrosoft also thinks Sony’s PlayStation handheld will be less than $300
Read more »
US wants to limit China’s access to cloud services from Amazon, Microsoft: reportUS and Chinese officials are aiming to limit each country’s access to scarce computer chips.
Read more »
Microsoft's Kathleen Hall discusses how built-in AI saves people time and moneyInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »