Microsoft shares rose 3.2% on June 15, 2023 to close at $348.1. They broke the closing record for November 2021, writes CNBC. Earlier, JPMorgan raised its price target for Microsoft shares from $315 a share to $350, based on revenue growth prospects for cloud AI software.
Microsoft’s 46% growth since the start of 2023 has allowed the company to recoup all of its losses since 2022, when investors pulled out of the tech sector in anticipation of rising interest rates and economic hardship.
- 49% of Microsoft employees are wary of their jobs due to the development of artificial intelligence (AI). The company believes that artificial intelligence can optimize a number of processes so that employees can focus on innovation and strategic thinking.
- Earlier, the largest investment bank, Goldman Sachs, predicted that the development of ChatGPT and AI in general could affect up to 25% of jobs in developed economies.
Author:
karina pardaeva
Source: RB
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