AI-Driven Growth for Major Tech Firms
Meta Platforms, Microsoft, and Amazon are leveraging artificial intelligence (AI) to boost user engagement and enhance their respective businesses. As of Q3, billionaire Philippe Laffont’s Coatue Management reported nearly 18% of its portfolio in these three companies: 7.3% in Meta (NASDAQ: META), 5.9% in Microsoft (NASDAQ: MSFT), and 4.7% in Amazon (NASDAQ: AMZN).
Wall Street forecasts an annual earnings growth of 17% for Meta, with a median target price of $842 per share—implying a 28% upside from its current $658. Microsoft is expected to see a 14% earnings increase, with a median target of $631 per share, indicating a 30% upside from $485. Amazon projects an annual growth of 18% and has a target price of $300 per share—offering a 32% upside from its current price of $228.
