Europe stock pickers go old-school to ride the next wave in AI
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 22 2024
0mins
Source: reuters
- European Stock Pickers and AI Boom: European stock pickers are shifting focus to established sectors like utilities, data providers, and copper miners to capitalize on the next wave of the AI boom.
- AI Impact on Equity Markets: Enthusiasm for artificial intelligence has driven a rally in equity markets, with companies like Nvidia and ASML gaining attention.
- Shift in AI Beneficiaries: Investors are now looking at long-term AI beneficiaries beyond chipmakers, such as industrial companies supplying data centers and utility/power firms.
- Data Centers and Energy Demand: Data centers crucial for AI are expected to drive a surge in energy consumption, leading to opportunities in utilities companies.
- European Companies and AI Adoption: Some European companies are quietly leveraging AI to develop new products, offering attractive valuations compared to U.S. counterparts.
Analyst Views on MSFT
Wall Street analysts forecast MSFT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MSFT is 631.36 USD with a low forecast of 500.00 USD and a high forecast of 678.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
34 Analyst Rating
32 Buy
2 Hold
0 Sell
Strong Buy
Current: 451.140
Low
500.00
Averages
631.36
High
678.00
Current: 451.140
Low
500.00
Averages
631.36
High
678.00
About MSFT
Microsoft Corporation is a technology company that develops and supports software, services, devices, and solutions. Its Productivity and Business Processes segment consists of products and services in its portfolio of productivity, communication, and information services, spanning a variety of devices and platforms. It comprises Microsoft 365 Commercial products and cloud services; Microsoft 365 Consumer products and cloud services; LinkedIn, and Dynamics products and cloud services. The Intelligent Cloud segment consists of its public, private, and hybrid server products and cloud services. It comprises server products and cloud services, including Azure, and enterprise and partner services, including Enterprise Support Services. Its More Personal Computing segment primarily comprises Windows and Devices, including Windows OEM licensing; Gaming, including Xbox hardware and Xbox content; Search and news advertising, comprising Bing and Copilot, Microsoft News, and Microsoft Edge.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
