Market Analysis: MSFT Share Nears All-time High

FXOpen

Since the beginning of the year, the price of MSFT shares has risen by more than 35%, about 5% remaining to a historic high. Perhaps the most important reason for MSFT's stock price to be bullish is the artificial intelligence (AI) hype.

According to the head of Microsoft, AI is a fundamental discovery that can help humanity do better research, learn more, and better select data.

According to an AI Writer survey, ChatGPT has become the most productive AI tool used by enterprises, increasing their productivity by at least 50%.

According to Business Insider, the bubble in AI stocks is not yet inflated at the moment. The current growth has been provided by "institutions" and this leaves the potential for further growth as retail investors become more active in this direction.

According to Wall Street Journal polls, out of 51 analysts, only 1 gives a recommendation to sell MSFT shares. The target price for MSFT shares is USD 337, but given the hype, it could be raised.

The MSFT stock chart shows that the price has been rising during May along the median line of the rising channel (shown in blue). But on the last bars there is an acceleration of growth. The price powerfully broke through the USD 320 level and, if the bullish mood does not subside, in June we can see a price of USD 350 per MSFT share, which will mark a new historical peak.

Buy and sell stocks of the world's biggest publicly-listed companies with CFDs on FXOpen’s trading platform. Open your FXOpen account now or learn more about trading share CFDs with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Latest from Shares

Nvidia Becomes World's Most Valuable Company TSLA Shares Revive After Shareholder Meeting Adobe's Stock Surges Approximately 15% After Report Publication AAPL Shares Drop Following the Apple Intelligence Presentation Is ADBE Stock Undervalued?

Latest articles

Forex Analysis

SNB Unexpectedly Lowers Interest Rate from 1.50% to 1.25%

Today, it was announced that the Swiss National Bank (SNB) decided to lower the interest rate to 1.25%. According to ForexFactory, the analyst consensus had expected the rate to remain at 1.50%, making this decision a surprise.

According

Cryptocurrencies

Bitcoin Finds Support: Will It Last?

The well-known (but anonymous) analyst known as PlanB predicted that Bitcoin's price will reach $150,000 by the end of this year and $800,000 by 2025. How realistic is this?

Analyzing the long-term BTC/USD chart on May 16,

Forex Analysis

GBP Awaits Bank of England Verdict: Volatility Ahead?

GBP/USD

In the first half of the current trading week, the GBP/USD pair has confidently stayed above the significant range of 1.2700-1.2650, continuously attempting to resume its upward trend. Today, everything could change. Depending on the

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.