The Rise of Artificial Intelligence: How Microsoft’s Stock Soared in 2023

2022 was generally a bad year for stock buyers – war, inflation, post-pandemic logistics problems, resource shortages, energy prices and a number of other factors cut into investors’ portfolios.

2023 also got off to a relatively calm start, although tech stocks like Apple, Microsoft and Tesla slowly began to recover from the pit they had fallen into. But then artificial intelligence appeared “on the scene”, just like a couple of years ago with cryptocurrencies and blockchain technologies, this combination of words fascinated investors and almost all companies that could prove that they work with artificial intelligence solutions experienced an influx of money.

This, as usual, helped others in the tech sector as well.

How did you do?

The first half of the year was dominated by companies that were able to prove that they will be at the forefront of implementing artificial intelligence technologies.

At the beginning of the year, this space was dominated by the well-known technology and software manufacturer “Microsoft”, which to a large extent also started the new “MI gold rush” by announcing that in the near future it will connect its cloud data services and office software with artificial intelligence-enabled “ChatGPT”.

A look at the data shows that Microsoft has done well. Since the beginning of the year until June 28, the company’s share price has increased by more than 40%. On January 3, one share cost around 240 US dollars, and at the end of the trading session on 28 June, 335.80 US dollars. Of CNN’s poll of 51 financial analysts, 37 believe that even at this high price, Microsoft shares are worth buying.

“Bloomberg” indicates that with the introduction of additional artificial intelligence tools, “Microsoft” could potentially experience an increase in value and an increase in profits this year if their gaming division succeeds in concluding an agreement for the world’s popular video games “Call of Duty” and “World of Warcraft” company Activision. Blizzard” acquisition. The transaction is currently being reviewed by financial market regulators, as concerns have been raised that it could create a monopoly position in the video game markets.

2023-07-04 04:00:03
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