Unleashing the Potential: A Look into Microsoft’s Future Stock Performance in 2024
Introduction
Everyone knows Microsoft (NASDAQ: MSFT) and its best-known products, including the Windows operating system and Microsoft 365 suite of productivity apps, but its growing cloud computing platform, Azure, is the future of the company. Microsoft stock has been a millionaire maker for decades, with a stock split-adjusted IPO price of $0.14, which means at today’s stock price of $433.70, the stock is up 445634.84%. That would have turned a $1000 investment at Microsoft’s IPO into $4.46 million today. As one of the most valuable companies in the world, the only thing investors focus on is what the stock will do over the coming years. Wall Street analysts only go as far as 1 year out when giving a stock prediction. But long-term investors want to know where Microsoft might be several years down the road.
Key Growth Drivers
Azure cloud services, productivity software, and LinkedIn dominate Microsoft’s future potential. Microsoft’s acquisition of Activision boosts its gaming segment, enhancing its competitive edge in the personal computing market. If you’re looking for an AI stock early in the AI growth cycle, grab a complimentary copy of our “The Next NVIDIA” report. It has a software stock that could ride dominance in AI to returns of 10X or more.
Recent Microsoft Stock Updates and News
12/24/2024 – To broaden its AI technology base and potentially reduce costs, Microsoft is integrating both its internally developed AI models and those from other companies into its flagship AI product, Microsoft 265 Copilot. This shift marks a departure from Microsoft’s previous heavy reliance on OpenAI’s technology, despite being a major investor in the company.
12/20/2024 – UBS has raised its price target for Microsoft to $525, maintaining a “Buy” rating.
12/19/2024 – Microsoft has teamed up with QTS Realty Trust LLC to build seven new data centers in Dallas, Texas. The Irving City Council has given the green light to separate incentive packages for each company’s project.
How This Will Affect Me?
As an individual investor, the potential growth in Microsoft’s stock price can significantly impact your investment portfolio. By considering the long-term growth projections and key drivers of Microsoft’s stock performance, you can make informed decisions about holding or acquiring Microsoft stock.
How This Will Affect the World?
Microsoft’s continued success and stock performance can impact the global tech industry and the overall economy. As Microsoft innovates in cloud computing, AI, and other key areas, it sets trends and standards that influence other companies and industries. A strong Microsoft can lead to increased competition, innovation, and job opportunities in the tech sector worldwide.
Conclusion
In conclusion, Microsoft’s future stock performance in 2024 and beyond looks promising based on its key growth drivers, recent updates, and long-term forecasts. By staying informed about the company’s strategy and market trends, investors can position themselves to potentially benefit from Microsoft’s continued success in the tech industry.
