Microsoft (NASDAQ: MSFT) and NVIDIA (NASDAQ: NVDA) hitting new all-time highs.
You can see that the Wall Street hype cycle is alive and well. These analysts are thrilled to continue pumping big tech stocks – even after huge gains.
Microsoft Stock Scores +$400 Price Target
Microsoft shares are getting a lift after introducing an AI product for Microsoft Office.
The product is called M365 Copilot.
The solution is an AI chatbot that can summarize emails, re-write content and reformat presentations.
Microsoft will charge $30 per month per user.
That translates into an 83% increase in the price of Microsoft Office for enterprise customers.
Analysts at UBS say the pricing was at the high end of their expectations. They estimate that the AI chatbot could increase Microsoft Office revenues by $2 – $4 billion per year.
UBS has a price target of $400 for MSFT shares. Bank of America also raised its target on MSFT to $405.
Microsoft stock is up more than 50% this year – and it’s been my #1 large cap AI stock.
NVIDIA Stock Up 200% – Stock Could Hit $600
NVIDIA is also getting upgrades this week.
Analysts at Citi upped their share price target to $520 – an increase of $100 per share. And the firm says it’s possible that the stock could hit $600 per share.
Meanwhile, Bank of America also increased its target for NVDA stock from $500 to $550 per share.
Only 10% of cloud computing servers are using chips that can be used for AI projects. This means that data centers around the world are lining up to buy AI chips.
Right now, NVIDIA is the main beneficiary – with over a 75% market share for AI chips.
Sure…
You could simply buy MSFT or NVDA.
However, these stocks are already up 50% and 200% this year. So, you’ve likely missed out on the big gains.
Yet a small group of undiscovered tech stocks are now ready to takeoff. These “pure-play” AI stocks are 100% focused on this technological breakthrough.
My research suggests that the gains could be staggering – with early investors banking as much as 874%.
Yours in Wealth,
Ian Wyatt