Posted 1/28/2024, 1:12:00 PM
Microsoft and Tech Giants Poised to Benefit from AI Investment Boom
- Microsoft seen as 'clear-cut winner in AI' by Barclays after strong developer event turnout
- Wolfe Research notes 6 large caps poised to benefit from AI have contributed +210 bps to S&P 500 return YTD
- Citi survey shows IT budgets improving, with cybersecurity and AI/data modernization as top priorities
- Morgan Stanley says Samsung offers 'very cheap way' to play shift to consumer AI
- New Street Research upgrades AMD to Buy with $215 price target based on UPSIDE for data center AI chips