FX.co ★ Microsoft takes advantage of its AI segment

According to Wedbush analyst Daniel Ives, Microsoft securities are in most demand. The analyst gives a bullish forecast since the tech giant is a confident leader in generative AI thanks to its ChatGPT chatbot. Microsoft is poised to monetize its AI advantage. Thanks to it, the company will easily capture the lion's share of the cloud computing market, according to Ives. In doing so, Microsoft is taking advantage of the additional capabilities of AI and intends to strengthen its position in this market by 35%-40% in the coming years. Ives estimates that the company's rating is above the market average. In addition, the analyst raised the target value of one Microsoft share to $340 from the previous $325. Economists think that by investing an additional $10 billion in ChatGPT, created by OpenAI, Microsoft can benefit from its share of the cloud service. Earlier, the tech giant’s management said it planned to include AI in its products, including the cloud service.