Here’s a summary of the news, as reported by the Times of India:
Tech analyst Dan Ives from Wedbush has stated that Microsoft is “clearly leading when it comes to hyperscaling and cloud,” mainly due to strong growth in its Azure platform. Ives pointed out Microsoft's momentum in artificial intelligence (AI) and cloud services as key growth drivers, suggesting that Microsoft is now pulling ahead of competitors Amazon (AWS) and Google Cloud in these sectors.
Key points from Dan Ives:
- Microsoft is leading in the hyperscaling and cloud market, ahead of Amazon and Google.
- Azure is a crucial element of this leadership due to its growth and integration with AI.
- Ives raised his price target for Microsoft stock to $600, saying this projection may even be “conservative.”
- Currently, around 20% of Microsoft’s business is connected to next-gen cloud and AI, but Ives expects this to rise to 50–60%, which could significantly boost Microsoft’s overall value.
- Despite being surpassed by Nvidia as the world’s most valuable company, with Nvidia now at $3.77 trillion and Microsoft at $3.69 trillion, Microsoft’s stock continues hitting record highs due to its robust AI and cloud strategy.
- Apple is now third in market value at about $3 trillion.
Source: Times of India - Tech analyst Dan Ives: ‘Microsoft is clearly leading when it comes to.…’
Source: Times of India Tech analyst Dan Ives: ‘Microsoft is clearly leading when it comes to.…’ - The Times of India