From Nasdaq, Inc.:

Microsoft has now taken the lead as the most valuable stock in the world with a market cap of $3.08 trillion, and a 28% gain in its stock price. Their recent Q2 results revealed earnings of $2.93 per share, beating estimates, and revenues of $62.02 billion. The growth in the Intelligent Cloud segment, particularly Azure and AI-related services, is monumental, consistently doubling since the previous quarter. Competitors Amazon and Alphabet are also investing heavily in AI. Microsoft’s valuation, while not cheap, is justified considering its favorable industry-leading position and growth potential. Overall, analysts are bullish on Microsoft, with a strong buy consensus rating and an average price target of $469.45, implying 13.4% upside potential. With an impressive track record, solid execution, and a significant presence in AI and cloud computing, Microsoft is well-positioned for strong long-term growth in the next 10 years.



Read more: Microsoft Stock (NASDAQ:MSFT): The Long-Term Bull Case Has Been Reaffirmed