
Microsoft 's investment in OpenAI should offer "significant underappreciated upside" for the big technology stock in the months ahead, according to D.Davidson. The firm initiated coverage of the tech bellwether with a buy rating and $270 price target, viewing its investment in the research company, which operates ChatGPT, as a potential short-term catalyst for shares that help support its premium valuation.
Link: Buy Microsoft as latest investment can help it end Google's search dominance, D.A. Davidson says
via http://www.cnbc.com
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