Microsoft's valuation could surge $300 billion with ChatGPT and AI set to transform its business, Wedbush says
shares' 2023 rally will continue thanks to the Redmond-based tech giant's efforts to integrate ChatGPT and artificial intelligence into its business model, according to Wedbush.
"Redmond is just starting to hit its next gear of growth with ChatGPT and AI also adding a new layer of growth to the Microsoft story over the coming years," he added. "We believe Nvidia's 'jaw-dropping guidance' heard around the world is a direct AI barometer for Redmond as our recent checks confirm the monetization opportunity for Microsoft is happening much sooner than the Street had anticipated in the field," he wrote.
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