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Microsoft's (MSFT) 'iPhone moment' is here declares Wedbush analyst

December 28, 2023 8:41 AM EST

(Updated - December 28, 2023 9:55 AM EST)

Wedbush raised its price target for tech giant Microsoft (NASDAQ: MSFT) to $450 from $425 in a note to clients Thursday, maintaining its Outperform rating on the stock. Analyst Daniel Ives declared in his note that Microsoft's "'iPhone moment' is here."

Wedbush, which sees Microsoft as one of the best ideas for 2024, said the iPhone moment is based on the fact that artificial intelligence (AI) monetization is set to change the... More

The New York Times Co. (NYT) sues Microsoft (MSFT) and OpenAI on copyright concerns

December 27, 2023 1:51 PM EST

The New York Times Co. (NYSE: NYT) has filed a lawsuit against OpenAI and Microsoft (NASDAQ: MSFT), alleging that they used millions of the newspaper's articles to train chatbots without permission.

According to... More