Last week, Apple became the first company ever to end a trading day with a $3 trillion market value. Microsoft is not far behind.
The $3 trillion club won't be a lonely one for long, according to Wedbush. Last week, Apple became the first company ever to end a trading day with a $3 trillion market value . Wedbush analyst Dan Ives said in a note to clients on Wednesday that the boom in artificial intelligence means that Microsoft will soon follow. "With AI the next step we believe on a sum-of-the-parts valuation that MSFT should join Apple in the exclusive $3 trillion club by early 2024," Ives said.
mountain Shares of Microsoft are up more than 40% year to date. Ives has an outperform rating on Microsoft, with a $375 price target, plying further upside of 11% from where Microsoft last closed.
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