After eating up seemingly anything to do with artificial intelligence earlier this year, Wall Street has cooled its fervor, as investors have come to realize that it will take time for most companies to see material financial benefits from the technology.
Still, Microsoft’s medium- to long-term opportunity with the technology is “undeniable,” according to Loop Capital analyst Yun Kim, who initiated coverage of Microsoft shares MSFT with a buy rating and $425 target price Monday.
Microsoft…
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