Microsoft was one of the beneficiaries of the recent AI gold rush, and its stock trades are up more than 41% so far this year, more than two-and-a-half times the gains of the S&P 500. While some investors fear the stock has come too far, too fast, Wedbush Securities analyst Dan Ives believes the Microsoft stock will continue its upward trajectory and join Apple in the exclusive $3 trillion market-cap club by early 2024.… Microsoft took a decisive step early this year when it added to its existing investment in ChatGPT creator OpenAI, bringing the total to more than $13 billion.
