Microsoft’s Current Share Price Doesn’t Reflect AI Upside, Oppenheimer Says

Microsoft Corp. was upgraded at Oppenheimer on Wednesday, adding to a growing consensus on Wall Street that the software giant is in a strong position within artificial intelligence.

Analyst Brian Schwartz raised his view to outperform from perform, saying the current share price of $496.62 doesn’t fully reflect the upside potention Microsoft has with AI, even though shares have outperformed this year and are trading near records.