Dan Ives, an analyst at Wedbush Securities, said in a report that Microsoft is about to usher in a new “iPhone moment.”
In his latest report, Dan Ives said he has taken countless field trips around the world in the past month, so he is very confident that making money from the artificial intelligence (AI) revolution has begun to enter the next phase of growth. As a result, all focus has been shifted to semiconductors and software.
Thanks to its partnership with OpenAI, Microsoft is considered one of the biggest beneficiaries of AI, along with Nvidia. Everything from increased spending on cloud computing to synthetic AI components to Copilot has helped Microsoft attract the attention of investors, with its market capitalization now exceeding 3,100 billion USD.
“We strongly believe that this is Microsoft's 'iPhone moment' and that AI will change Microsoft's cloud growth trajectory in the coming years. Our recent survey further strengthens confidence in this momentum in first quarter results,” commented Wedbush Securities analysts.
Currently, the market generally expects Microsoft's first-quarter revenue to reach $60.84 billion and earnings per share of $2.84. The company is proving that it was right when it made several large investments in OpenAI previously and helped its market value surpass Apple's impressively.