Microsoft market cap could rise $300 billion on AI products

OpenAI logo on a phone screen

Who is coming out ahead in the AI arms race? CFOTO/Future Publishing via Getty Images

Microsoft is positioned exceptionally well for a major splash in artificial intelligence that could lift the company’s market value another $300 billion this year, according to a new analyst report. 

The tech giant is “in the driver’s seat” during a pivotal moment for the tech industry, analyst Wedbush Dan Ives wrote in a note to clients on Monday. He cited Microsoft’s partnership with OpenAI creator ChatGPT, which Microsoft is using to power its cloud…

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