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Key Points
Artificial intelligence (AI) has significantly boosted market values, particularly for companies like Nvidia, which reached a market cap of over $4.5 trillion. As of 2023, expectations for the AI market are forecasted to escalate into the trillions in coming years, potentially leading to more companies achieving substantial market milestones.
Microsoft (NASDAQ: MSFT) reported a 34% revenue increase in its cloud unit, Azure, reaching over $75 billion, largely driven by AI demand. Currently, Microsoft operates more than 400 data centers across 70 regions, outperforming its competitors. The company has invested over $13 billion in OpenAI, strengthening its position in the expanding AI sector.
This year, Microsoft is expected to achieve a 35% gain, with a market value currently at $3.8 trillion, as it aims to potentially reach $5 trillion by the end of 2026. For this to happen, the stock would need a 27% increase, supported by its robust AI capabilities and scaling efforts in the cloud computing domain.
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