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Wade Bush: The application of artificial intelligence accelerates, and Microsoft's "glorious moment" is on the horizon.
Jin10 reported on June 25 that Wedbush analysts stated in a research report that Microsoft (MSFT.O) will benefit from the wave of large-scale applications of Copilot and Azure. Looking ahead, the analyst expects that as more companies adopt new technologies, the monetization of artificial intelligence and cloud computing will continue to accelerate, driven by ongoing deployments. The analyst mentioned that this year, the use cases for artificial intelligence are increasing, with particularly strong adoption of the technology in finance, government, and retail sectors. However, next year may be the true turning point for Microsoft. "We firmly believe this is Microsoft's 'brilliant moment', and artificial intelligence will change the trajectory of Microsoft's cloud growth." Wedbush raised Microsoft's target price from $515 to $600.