![]() ![]() ![]() "With demand for AI applications accelerating across industries, we view the improvements and integrations of generative AI across Google's entire portfolio as a positive in the AI battle as it now comes down to who can gather market share as the advancements are released throughout the year," Ives said. Microsoft is buying the business-focused social network LinkedIn for 26.2bn (18.5bn) in cash, its biggest ever purchase, the two companies announced on Monday. While Alphabet continues to play catchup in the AI space, it is setting up to go head-to-head for market share against Microsoft, especially as the search company has indicated that it plans to incorporate AI capabilities into all aspects of its product suite, including the cloud. Ives reiterated his "Outperform" rating on Microsoft and said it remains a "best idea." Additionally, he increased his price target on Microsoft to $340 from $325, representing potential upside of 9% from current levels. ![]() "We also believe Redmond is just starting to hit its next gear of growth with ChatGPT and AI also adding a new layer of growth to the Microsoft story over the coming years." MSFT Microsoft 307.91 Microsoft’s Cloud Unit Is Growing Rapidly and Gaining Ground. " remains in an enviable position to gain share in its enterprise backyard against AWS in this cloud arms race over the next 12 to 18 months," Ives said. Given these points, I believe that MSFT stock is currently worth buying for long-term investors. The 211.08 billion and 232.62 billion estimates for the current and next fiscal years indicate changes of +6.5 and +10.2, respectively.Last Reported Results and Surprise HistoryMicrosoft. ![]()
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