Microsoft’s position in the tech industry has been described as exceptionally well by Wedbush analyst Dan Ives. His report claims that the recent partnership with OpenAI’s ChatGPT programme has helped to power Microsoft’s cloud apps and services, and with upcoming AI-powered products, Microsoft is in the driver’s seat. Wedbush raises Microsoft’s share price from $340 to $375, which could increase the company’s market cap by $300bn. With competitors like AWS, Ives hailed AI as the catalyst for competition between Azure and AWS over the next year and a half and the key to market share success in Microsoft’s enterprise business against AWS.
Microsoft’s valuation could be boosted by $300 billion via ChatGPT after Nvidia’s recent success, claims Dan Ives.
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