Posted 1/25/2024, 3:30:00 PM
Microsoft Hits $3 Trillion Valuation on AI Promise, But Will Customers Buy the Hype?
- Microsoft has reached a $3 trillion valuation, partly due to investor excitement about its AI products and vision
- Success of its AI push will be tested in coming months as customers evaluate AI-infused offerings like Copilot
- Microsoft rebounded from past failures like Windows Phone to find huge success in cloud and AI
- Some critics worry Microsoft's valuation is detached from reality and customer indifference to some AI tools
- 2024 will indicate if customer demand matches industry hype about promise of AI to justify valuations