Posted 4/4/2024, 9:03:56 PM
AI Software Revolution Fuels Tech Rally; Microsoft Set to Benefit
- Tech stock rally likely to continue as AI enters next phase beyond hardware to software
- Q1 earnings expected to highlight software phase of AI revolution
- Enterprise AI spending seen accelerating, benefiting software, cybersecurity, digital advertising, semiconductors
- Microsoft poised to be major beneficiary as Azure demand surges from AI expansion
- Wedbush estimates Microsoft revenues to grow by additional $25B-$30B by 2025 from generative AI