Morgan Stanley analysts, led by Keith Weiss, have singled out Microsoft (NASDAQ: MSFT) as the top software company poised to capitalize on generative artificial intelligence (AI) in both infrastructure and applications.
Following a recent survey of chief information officers (CIOs), Weiss reaffirmed this view, with Microsoft emerging as the frontrunner expected to dominate generative AI market share over the next three years. Among the CIOs surveyed, 38% favored Microsoft, while 12% chose Amazon, placing Microsoft in a strong position.
The potential of AI is immense, with Bloomberg Intelligence forecasting a 43% annual growth in generative AI spending until 2032. Diversification is key when investing in AI, rather than focusing solely on one stock, no matter how promising it may be. Therefore, considering a portfolio of AI stocks is a prudent approach. The question for investors is whether Microsoft should be part of that portfolio.
Discover how Microsoft is revolutionizing its business…
2024-04-17 04:25:00
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