Seth Basham, Director of Equity Research at Wedbush Securities, says market confusion, tariff risk, and falling rates support AI leaders like Microsoft and value sectors like REITs and homebuilders.
Microsoft plans to donate $4 billion worth of cash, technology and training to enhance artificial intelligence education, a substantial bequest as the Redmond, Washington-based software giant aims to make billions more off a technology it expects to be on par with the introduction of electricity.
Microsoft President Brad Smith spoke with CNBC's Jon Fortt on the role AI will play in the workforce moving forward.
Microsoft Corp (NASDAQ:MSFT) is nearing a $4 trillion market valuation, with analysts at Wedbush projecting the tech giant will hit the historic milestone this summer. Nvidia Corp (NASDAQ:NVDA, ETR:NVD) earlier this week became the first ever company to achieve a $4 trillion market cap.
Whether you agree with the practice or not, Congressional leaders trade stocks. In fact, interest in what stocks members of Congress are trading is so high that MarketBeat provides investors with Congressional trading data as a free service.
Microsoft's chief commercial officer Judson Althoff said during a presentation this week that AI tools are boosting productivity across sales, customer service, and software engineering, Bloomberg reports. Althoff noted AI has been so useful that Microsoft was able to save more than $500 million last year in its call center alone.
In the latest trading session, Microsoft (MSFT) closed at $503.51, marking a +1.39% move from the previous day.
Microsoft is ramping up internal use of artificial intelligence (AI) tools to cut costs and increase productivity, even as the company trims thousands of jobs across departments.
The tech giant last week announced plans to lay off nearly 4% of its workforce as it looks to rein in costs amid hefty investments in AI infrastructure.
Microsoft's latest technical indicators keep showing strong buying pressure despite the outsized price really since our last writing. These indicators include bullish RSI, a 'golden cross' pattern, and also widening Bollinger Band widths. Fundamentally, AI-driven demand, especially through Azure and Microsoft 365 Copilot, keeps fueling robust growth.
The chip maker's stock touched an intraday level needed to achieve a $4 trillion market cap, but has since pulled back slightly.
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