50% of Fortune 500 Use THIS AI

Artificial Intelligence is gaining traction in corporate America.

The latest proof comes from Microsoft’s (NASDAQ: MSFT) quarterly earnings report last night.

The software giant released truly impressive results including…

  • Revenues +18%
  • Profits +33%
  • EPS $2.93 – beating estimates of $2.78

Is Microsoft stock a BUY or SELL? Click here to find out.

It’s a homerun quarter from the world’s most valuable company. And AI is powering the growth…

“A growing body of evidence makes clear the role AI will play in transforming work,” explained CEO Satya Nadella.

Microsoft is embracing AI across its business – from the cloud to Office 365 and even on the new keyboard.

Microsoft’s Azure cloud business was a real highlight – growing 30%.

The Microsoft-OpenAI partnership is fueling billions in new sales.

Microsoft says that 50% of Fortune 500 companies are now using Azure OpenAI.

Analyst on Wall Street upped their price targets as high as $600.

MSFT shares are trading at $407 this morning – down 0.5%.

This begs the question…

“Why is Microsoft down after a blockbuster quarter?”

It’s because the stock price already reflected an expectation for a great quarter. You’ve heard the saying…

“Buy the rumor. Sell the news.”

That’s what happened here.

MSFT shares staged a huge rally heading into earnings.

The stock is up 10% since January 1.

Plus, it’s up 65% in the last year. That’s 2x the return of the Nasdaq.

It’s now the most valuable company in the world at $3 trillion.

So, I’d simply argue that Mr. Market was already counting on a big quarter for MSFT.

It’ll take a little time for the market to digest these results.

Folks who joined me and bought MSFT at $250 are looking good.

Any temporary weakness in this stock is a buying opportunity.

So, what are my top AI picks to BUY NOW?

My free report reveals everything – NAMES, TICKERS and why these stocks are ready to takeoff.

Go here to get my top 5 AI stocks for 2024.

Ian Wyatt

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