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Artificial intelligence may be ‘iPhone moment' for Microsoft in price target hike, analysts says

Wedbush analyst Dan Ives on Thursday raised Microsoft Corp.’s price target on a bullish view for its Copilot chat bot and other artificial intelligence products.Ives compared Microsoft’s MSFT, -0.16% prospects in artificial intelligence (AI) to Apple Inc.’s AAPL, +0.05% iPhone, a blockbuster product since its 2007 launch. “We view this as Microsoft’s ‘iPhone moment’ with AI set to change the cloud growth trajectory in Redmond over the next few years,” Ives said. The stock has yet to price in the next wave o ...