Posted 10/18/2023, 6:54:00 PM
Microsoft's AI efforts face doubts, but analyst sees 'green shoots' amid software selloff
- Microsoft was once seen as a leader in AI, touting Copilot and other innovations
- Sentiment has since shifted to "AI disillusionment" amid doubts about functionality and profits
- But analyst sees "green shoots" with Microsoft gaining share based on checks
- Microsoft could stand out amid shakier enterprise spending environment
- Shares up 38% YTD but down 8% last 3 months amid broader software stock selloff
