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Morgan Stanley: Microsoft is in a favorable position in the upcoming generative artificial intelligence innovation cycle.
Jin10 data reported on June 27 that Morgan Stanley analysts Keith Weiss and Josh Baer pointed out in a research report that Microsoft's investment in OpenAI is yielding success. Due to seeing an increase in Microsoft's direct monetization and its rising share of the IT sector wallet, the analysts raised their target stock price to $530. The report states that with Microsoft's progress in Azure AI business, the company is in a favorable position in the upcoming generative AI innovation cycle. The report notes that due to Microsoft's disciplined spending, it will achieve a mid-single-digit compound annual growth rate.