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Let Bears Fret About Tech Valuations, Analyst Says: How AI Leaders Microsoft, Nvidia And Google Can Push Higher | Technology News
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Let Bears Fret About Tech Valuations, Analyst Says: How AI Leaders Microsoft, Nvidia And Google Can Push Higher

Published by
Benzinga

Microsoft (NASDAQ:MSFT) and Nvidia (NASDAQ:NVDA) are poised to lead the technology stocks in a positive fourth-quarter earnings season for the sector, driven by surging demand for artificial intelligence (AI) projects. Wedbush rates Microsoft outperform. It also maintains a $450 price target, while Nvidia is rated outperform with a $600 price target. Analyst Daniel Ives said: “Our recent checks in the field shows an uptick in demand around enterprise software, cybersecurity, and a clear surge in demand around major AI projects and use cases exploding for 2024.” He added: “Microsoft is humming …

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