Wedbush: AI applications are accelerating, Microsoft's "glorious moment" is coming
Wedbush analysts said in a research report that Microsoft will benefit from the massive wave of applications of Copilot and Azure. Looking ahead, the analyst expects that the profitability of artificial intelligence and cloud computing will continue to accelerate as more companies adopt new technologies, driven by continued deployment. Analysts say that the use cases of artificial intelligence are increasing this year, and the adoption of the technology in the financial, government and retail industries is particularly strong. However, next year may be the real turning point for Microsoft. "We strongly believe that this is Microsoft's 'glorious moment' and that artificial intelligence will change Microsoft's cloud growth trajectory." Wedbush raised Microsoft's target price from $515 to $600.