Shulou(Shulou.com)11/24 Report--

CTOnews.com July 7 news, according to Bloomberg News, Morgan Stanley analyst Keith Weiss's team said that the AI boom will push Microsoft to follow Apple's pace and join the club with a market value of 3 trillion US dollars (CTOnews.com Note: Currently about 21.75 trillion yuan). Morgan stanley has raised its target price for microsoft's shares to $415 from $335, meaning microsoft shares, which closed at $341 yesterday, could rise more than 20 per cent.

Morgan Stanley lists Microsoft as a top buy among large software companies, saying it is the company in the industry most likely to benefit from AI growth. Weiss wrote in a report: "Generative AI seems to significantly expand the scope of software automation business processing. Microsoft is in the best position to profit from software. "

This year, AI fever has driven Microsoft's stock price up. Microsoft-backed OpenAI has been successful through its ChatGPT, which has also inspired interest in AI. Microsoft is looking to leverage OpenAI technology to revolutionize the entire suite of Office apps.

Although Microsoft shares have jumped 42% this year, valuations are "still reasonable," according to Weiss 'analysis. However, Weiss's target price of $415 is only the second highest among Wall Street analysts, while Redburn's target price is $450 (currently about 3263 yuan).

Morgan Stanley has been publicly advising investors to buy Microsoft shares since early 2016, and Microsoft shares have risen more than 500% over that period.

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