The Microsoft Corp (NASDAQ: MSFT) stock price was trading up 0.38% as it tried to break a 4-day losing streak. Microsoft shares have risen 41.97% since the year started, and the gains could have been much higher were it not for the recent pullback. The company’s shares have rallied higher, boosted by the AI revolution.
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY.
The tech giant has a lot going for it, including the massive popularity of its ChatGPT large language model (LLM) AI, which can automate many of the tasks done by humans online. The AI can even spin out programming code better and faster than human programmers.
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The company recently launched enterprise AI tools based on its GPT-4 LLM, targeted at the lucrative enterprise market as more companies adopt AI tools to help their staff become more efficient at their tasks while delegating some of the mundane tasks done by humans to AI.
While some people are worried that AI will replace humans at many jobs, humans will adopt and start using AI to improve their efficiency at work and to work faster and smarter with the help of AI tools.
Microsoft is a company that always does big things, like the planned acquisition of Activision Blizzard, which got a massive boost after a Federal judge threw out an injunction request from the Federal Trade Commission (FTC). The FTC has promised to appeal the decision.
The company is expected to report its Q4 fiscal 2024 results after the market closes, and many hope it will beat analysts' estimates. Most investors will be looking at the tech giant’s statistics regarding the impact of ChatGPT on its bottom line.
The tech company also recently announced plans to invest in a $2 billion data centre in Saudi Arabia. This has attracted criticism from several quarters, given the Kingdom’s history of human rights abuses.
Many have also raised concerns about the Saudi government having access to sensitive political data from other countries through the data centre since the country does not have a data privacy act and is not a democracy.
Investors are looking forward to Microsoft’s Q4 earnings, and so am I.
*This is not investment advice.
Microsoft stock price.
The Microsoft stock price was trading up by 0.38%, trying to break a four-day losing streak.
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY.