Wells Fargo Hikes Microsoft Price Target, Says AI Business Could Reach $100 Billion in Revenue

Wedbush hikes price target on Microsoft to $600, saying “AI set to change the cloud growth trajectory”

Dan Ives loves Microsoft, one of his favorite stocks, even more than he used to....

Wells Fargo hikes Microsoft price target, says AI business could reach $100 billion in revenue

It's still early days for Microsoft's artificial intelligence business, according to Wells Fargo.

BofA Sees $155 Billion Agentic AI Boom By 2030, Names Key Beneficiaries - Microsoft (NASDAQ:MSFT), GitLab (NASDAQ:GTLB), Intuit (NASDAQ:INTU), OneStream (NASDAQ:OS)

A recent report from Bank of America Securities (BofA) highlights a significant, yet currently underestimated, medium-term surge in software spending driven by AI agents. While the market has shown some caution due to an “underwhelming generative AI adoption or monetization cycle” so far, BofA believes that “agentic functionality” could be the key to unlocking substantial revenue. BofA’s “deep dive” into agentic AI suggests that spending on this…

Microsoft Stock Carves Record High On Agentic AI Leadership

Microsoft stock on Tuesday hit its fourth all-time high in as many trading sessions. The software giant is a leader in agentic AI.

Logicalis expands Paras Chadha's remit to include A/NZ

Logicalis has expanded the remit of Paras Chadha’s role as head of business, Microsoft, and artificial intelligence (AI) – Asia Pacific (APAC) to include the Australia and New Zealand (ANZ) region. Chadha has held the role of head of business, Microsoft, and AI – APAC since March last year, driving strategic growth and innovation across the region.  His expanded leadership reflects Logicalis’ strategic investment in strengthening local capabilit…