Experts at investment bank Morgan Stanley see the market capitalization of Microsoft hit $3 trillion in early 2024. The thing is that the company’s shares are the most suitable for monetizing generative artificial intelligence.
Bank experts assert that Microsoft shares are the best investment instrument today because the company may become one of the first beneficiaries of generative AI. For this reason, Morgan Stanley has raised its target Microsoft share price by 24%, to $415 from $335.
Microsoft is now expanding the scope of its business processes able to be automated by software and AI. The tech giant is in the best position in software to monetize such expansion.
Microsoft has recently seen its share price rise by 1% to $342.85.
