Posted 2/2/2024, 10:47:00 AM
Microsoft's AI Growth Fuels Cloud and Productivity Gains, Sparking Big Stock Upside
- Microsoft is rapidly growing its AI capabilities across products like Bing, Office 365, and Azure cloud platform
- Azure cloud revenue grew 30% last quarter, with 6 pts of growth from AI specifically
- Over 53,000 Azure AI customers now, including major companies like Coca-Cola
- Generative AI driving 70% productivity gains for some tasks, leading to big spending
- Given growth potential, Microsoft stock could provide 61%+ upside over next 5 years