Microsoft's AI Momentum Could Propel $4 Trillion Market Cap In 6-9 Months Amid 'Robust' Q1 Earnings, Says Dan Ives: 'This Is a Company Firing on All Cylinders'
Portfolio Pulse from Kaustubh Bagalkote
Microsoft's AI momentum is expected to drive significant growth, potentially reaching a $4 trillion market cap in 6-9 months, according to analyst Dan Ives. The company reported strong Q1 earnings, with revenue and EPS surpassing expectations, driven by its AI and cloud initiatives.
October 31, 2024 | 1:53 am
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Microsoft's strong Q1 earnings and AI momentum could drive its market cap to $4 trillion in 6-9 months, according to analyst Dan Ives. The company's revenue and EPS exceeded expectations, highlighting robust performance.
Microsoft's Q1 earnings exceeded expectations, driven by AI and cloud initiatives. Analyst Dan Ives predicts significant growth, potentially reaching a $4 trillion market cap. This positive outlook and strong performance suggest a likely upward trend in the stock price.
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