According to UBS procurement managers, technology firms are likely to continue their upward trend in the future. Specifically, the European investment banks anticipate that chip stocks, as well as Artificial Intelligence (AI) applications and platforms, are well-positioned for growth in both 2024 and 2025.
The outlook for the global semiconductor industry appears positive, with an expected solid momentum leading into 2025 and a projected revenue growth of over 50% in 2024. The forecast for AI infrastructure spending, currently showing a 38% compound annual growth rate (CAGR) from 2022 to 2027, is subject to upside risks due to recent earnings trends.
Following Altman’s dismissal becoming public on November 18, the search interest in “OpenAI stock” surged by up to 1,200% from a 90-day peak, as reported by Venture Smarter.
Despite the recent controversies surrounding OpenAI, Mizuho analysts have reiterated their Buy rating on Microsoft Corporation (NASDAQ: MSFT) shares.
While some changes favoring MSFT may occur, significant alterations to its governance or rights are not expected. The analysts emphasized their hope for the continued strong collaboration between MSFT and OpenAI.
Overall, the analysts are confident in MSFT’s growth prospects in the medium to long term, particularly highlighting the significant monetization potential in Generative AI.
In a recent survey on the American tech sector, TD Cowen analysts shared insights, such as Microsoft holding an 80% market share in a $50 billion productivity sector and Alphabet (NASDAQ: GOOGL) making modest market share gains.
Experts note the rising trend of bundling suites with Infrastructure as a Service (IaaS) and business software, benefiting both MSFT and GOOG by driving revenue and competitive advantages.
Specifically, economists project a revenue opportunity of $16.5 billion for Microsoft Copilot by FY28.
Oppenheimer researchers upgraded C3.ai Inc.’s (NYSE: AI) stock to outperform with a target price of $40 per share.
Despite a 20% decline in AI stock performance since mid-June, revenue growth has accelerated. Analysts highlight AI’s authentic and enduring style, positioning it as a key player in driving significant productivity enhancements and new revenue streams for customers.
Palantir Technologies Inc (NYSE: PLTR) stock has surged approximately 200% this year, largely driven by expectations of the company benefiting significantly from AI advancements.
However, not all analysts are convinced. Researchers at William Blair point out substantial drawbacks in Palantir stock, noting that its recent appreciation is not matched by profit growth.
While Deutsche Bank analysts reiterated a Sell rating for Palantir despite a new UK deal, Bank of America economists provided a more favorable assessment of the company.
