Microsoft's AI Momentum Could Propel $4 Trillion Market Cap In 6-9 Months Amid 'Robust' Q1 Earnings, Says Dan Ives: 'This Is a Company Firing on All Cylinders'

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Microsoft Corp.‘s (NASDAQ:MSFT) artificial intelligence momentum is expected to drive significant growth in the coming years, as highlighted by Wedbush Securities analyst Dan Ives.

Following Microsoft's first-quarter earnings report on Wednesday, Ives shared his bullish outlook, underscoring the tech giant's role in the unfolding AI revolution.

Microsoft reported first-quarter revenue of $65.6 billion, marking a 16% increase year-over-year and surpassing the consensus estimate of $64.51 billion, according to Benzinga Pro.

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Article Details

Author / Journalist: Kaustubh Bagalkote

Category: Technology

Markets: United States

Topics: Dan Ives Artificial intelligence Tech US5949181045 Benzinga $BTC Kaustubh Bagalkote MSFT News Wedbush Securities Equities Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 01:52:58 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 429 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23344921

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