Analysts have called Microsoft the next candidate to reach a market capitalization of $3 trillion. This will be facilitated by the AI race and hype in the neural network market. Wedbrush predicts that Microsoft’s capitalization will cross the $3 trillion mark by early 2024.
Dan Ives, principal analyst at consultancy Wedbrush, has called Microsoft the next public company to top $3 trillion. It is reported by CNBC. The first such company on July 1 was Apple.
Investor interest in Microsoft will grow against the backdrop of the race for artificial intelligence and neural network technologies, the analyst predicts. According to his assumptions, Microsoft’s market capitalization will cross the $3 trillion mark in early 2024.
Since the beginning of 2023, Microsoft shares have risen in price by 41%. As of July 4, the corporation’s capitalization was $2.55 trillion.
Microsoft is one of the key investors in OpenAI, the developer of the ChatGPT chatbot. Microsoft has invested billions of dollars in it.
Author:
Kirill Bilyk
Source: RB
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