AI-powered Apple overtakes Microsoft as world's most valuable company
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Microsoft (MSFT) PT Raised to $550 at Tigress Financial Partners
June 13, 2024 3:55 PM EDTTigress Financial Partners analyst Ivan Feinseth raised the price target on Microsoft (NASDAQ: MSFT) to $550.00 while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating on MSFT and increase our 12-month target price to $550 as it is increasingly positioned to lead the AI revolution through the ongoing integration of generative AI functionality throughout its software stack and product portfolio. AI cloud integration and the ramp-up of AI-enabled product offerings fueled another quarter of near-record revenue and record operating results. MSFT recently reported Q3 2024 revenue increased 17% Y/Y to a near-record $61.9... More
Apple stock rally continues, overtakes Microsoft in market cap
June 12, 2024 11:19 AM EDTApple (NASDAQ: AAPL) shares continued to rally Wednesday, propelling its market capitalization above that of Microsoft once again.
Shares of the iPhone maker have jumped more than 5% to over $217 a piece, a new record high, pushing its valuation to $3.331 trillion at the... More
