Stable Cloud Deal Flow Enhances Bullish Outlook
The analysts also emphasized the stable cloud deal flow, strengthening their bullish perspective on Microsoft. The company continues to feature on the firm's Best Ideas List.
AI Monetization Opportunities in the Cloud
According to Ives, recent conversations with Microsoft customers, partners, and field checks have revealed the vast monetization potential of deploying AI and ChatGPT in the cloud. Microsoft is leading the AI arms race focusing on monetization as the next step.
Microsoft's Unique Position in Cloud Market
The analysts believe that Microsoft has a unique opportunity to gain market share in the cloud sector while introducing additional AI capabilities. This could expand the company's total addressable market in the cloud by 35%-40% over the coming years.
Microsoft Shares Down 1.78% on Thursday
At the time of writing, Microsoft's shares experienced a 1.78% drop on Thursday.