From Nasdaq:

Microsoft’s stock has surged 63% over the past year, surpassing the S&P 500’s gains. With a market cap above $3 trillion, the tech giant is now the most valuable company globally. The growth was fueled by its early adoption of generative AI, including AI tools like Copilot integrated into Microsoft Office products.

Microsoft’s bet on AI is paying off, with projections of up to $100 billion in incremental revenue from generative AI by 2027. Copilot, a suite of AI assistants, has shown significant productivity gains for users. Microsoft Azure, the cloud computing segment, grew 30% year over year, positioning Microsoft as a leader in cloud-based AI services.

As the PC market recovers, Microsoft’s more personal computing segment is expected to benefit from a refresh cycle starting in 2024. Despite its current high valuation, Microsoft stock is seen as a reasonable buy given its growth prospects and multiple revenue streams from AI services. Investors may consider buying Microsoft stock as it continues to lead the charge in the AI revolution.



Read more at Nasdaq: Is It Too Late to Buy Microsoft Stock?