Microsoft is a top contender in the AI industry with strong growth potential.

From Nasdaq: 2024-05-08 15:58:00

Taiwan Semiconductor Manufacturing forecasts that revenue from AI will grow at a 50% compound annual rate for the next five years, accounting for over 20% of its revenue by 2028. Microsoft is leveraging AI through its Azure platform, with 31% revenue growth driven by AI products. The company’s early lead in generative AI makes it a top contender in the industry. Microsoft’s annualized revenue from generative AI is around $4 billion, indicating strong growth potential in the AI market. The company’s diversified product set and loyal customer base position it as a strong player in the technology industry. Microsoft stock is recommended as a buy below $420.



Read more at Nasdaq: Microsoft Still Leads the AI Race. It’s Not Too Late To Buy the Stock.