MSFT Share Nears All-time HighSince 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 320 per MSFT share, which will mark a new historical peak.
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