Microsoft’s AI Momentum Might Propel $4 Trillion Market Cap In 6-9 Months Amid ‘Strong’ Q1 Earnings, Says Dan Ives: ‘This Is a Firm Firing on All Cylinders’ – Microsoft (NASDAQ:MSFT)

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Microsoft’s AI Momentum Might Propel  Trillion Market Cap In 6-9 Months Amid ‘Strong’ Q1 Earnings, Says Dan Ives: ‘This Is a Firm Firing on All Cylinders’ – Microsoft (NASDAQ:MSFT)

Microsoft Corp.‘s MSFT synthetic intelligence momentum is anticipated to drive vital progress within the coming years, as highlighted by Wedbush Securities analyst Dan Ives. Following Microsoft’s first-quarter earnings report on Wednesday, Ives shared his bullish outlook, underscoring the tech large’s position within the unfolding AI revolution.

What Occurred: In an look on CNBC’s Additional time, Ives acknowledged, “It is a firm firing on all cylinders. We sit right here 6-9 months from now, this can be a $4 trillion market cap.”

Microsoft reported first-quarter income of $65.6 billion, marking a 16% improve year-over-year and surpassing the consensus estimate of $64.51 billion, in response to Benzinga Professional.

Earnings per share reached $3.30, exceeding expectations of $3.09. The corporate’s working earnings additionally rose to $65.6 billion, up 14% from final 12 months, showcasing strong efficiency amid increasing AI-driven initiatives.

Ives highlighted the passion round Microsoft’s Clever Cloud phase, suggesting a vibrant outlook as AI continues to bolster income streams. “It is a progress acceleration story,” Ives famous on X (previously Twitter), additional asserting that “cloud will drive progress wanting forward.”

He added, “It’s nonetheless the primary, second inning of this AI revolution.” Ives’s feedback replicate his perception that Microsoft’s AI and cloud initiatives will place the corporate for long-term progress, doubtlessly propelling it towards a historic valuation.

See Additionally: Meta Platforms Q3 Earnings: Income Beat, EPS Beat, Day by day Actives Up 5%, ‘Robust Momentum’ In AI

Why It Issues: Microsoft’s robust efficiency within the AI sector is per current traits. The corporate’s aggressive push into AI infrastructure has been well-supported by demand, with 59% of its companions seeing its CapEx investments as such, in response to a survey by JPMorgan.

Nevertheless, Microsoft has additionally confronted challenges within the AI house, reminiscent of alleged covert lobbying campaigns by Google to undermine its cloud computing enterprise.

In the meantime, Microsoft’s potential Bitcoin BTC/USD funding has additionally been a subject of curiosity, with MicroStrategy‘s Michael Saylor humorously reaching out to Microsoft CEO Satya Nadella to supply his help in creating the subsequent trillion-dollar alternative.

Value Motion: Microsoft Corp’s inventory closed at $432.53 on Wednesday, up 0.13% for the day. In after-hours buying and selling, the inventory declined by 3.71%. 12 months-to-date, Microsoft shares have seen a notable achieve of 16.63%, in response to knowledge from Benzinga Professional.

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Disclaimer: This content material was partially produced with the assistance of AI instruments and was reviewed and printed by Benzinga editors.

Market Information and Knowledge dropped at you by Benzinga APIs



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