Microsoft Will Trip Synthetic Intelligence, Cloud Computing To Higher Share Price, Morgan Stanley Says

It’s not just Amazon that will make money from cloud computing and artificial intelligence, according to Wall Street.
The firm reiterated its overweight rating for Microsoft shares, predicting the company will report profits ahead of expectations next year due to cloud computing demand.
The analyst cited how the growing “machine learning” [artificial intelligence] trend will spur demand for the company’s Azure cloud computing services and it could add up to $110 billion in market value to Microsoft.
As a result, Weiss estimates Microsoft will generate fiscal 2018 earnings-per-share of $3.45 compared to the Wall Street consensus of $3.32.
Weiss raised his price target for Microsoft to $80 from $72, representing 14 percent upside from Friday’s close.

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