Wedbush's Dan Ives praised Microsoft Corp.'s (NASDAQ:MSFT) performance after the company reported its March 2024 quarter earnings and beat revenue and earnings per share (EPS) estimates.
What Happened: Ives praised Microsoft CEO Satya Nadella for the company’s performance in the AI and cloud computing space.
Ives compared Nadella to a “grandmaster chess player” and lauded Microsoft’s Azure cloud platform for its growth in the AI sector. He also referred to the current state of AI as a “1995 Moment,” indicating a significant turning point in the industry.
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“For Nadella the grandmaster chess player another Picasso-like performance for Microsoft as Azure is firing on all cylinders and the AI Revolution plays out in front of our eyes. Our #1 AI Draft pick Microsoft hitting its next gear of growth."