Big Tech Could Grow Further With AI, Making This Company a Top Buy

While big tech stocks have had a strong start to the year, and may trade flat or lower in the coming months, many can move higher over time.

  • Special: See What One Ticker... One Trade... EVERY WEEK...Can Do for YOU
  • That’s because these companies have the size and scope to roll out AI technologies and best improve their performance. And a small improvement in a big company can lead to billions of dollars in increased revenues or even profits. That could push shares even higher.

    That’s likely why companies like Microsoft (MSFT) have more upside, even if they’re already widely known and held. It’s even possible that the tech giant becomes the world’s next $3 trillion market-cap company.

    Microsoft benefits from its well-known software, and from other diversified technologies like a video game development business and the social media platform LinkedIn. Each of those businesses can leverage AI in different ways to move the needle and create big results.

    Action to take: Shares have flattened out on in recent days after moving steadily higher this year. Long-term investors should look for a drop to the $320 range or lower before accumulating shares. At present, Microsoft yields 0.8 percent.

  • Special: Legendary CBOE Trader Reveals: Make This ONE Trade Every Time The Government Drops Economic Reports
  • For traders, the long-term uptrend is likely to continue. The December $380 calls, last going for about $9.20, look attractive. However, they’ll likely get cheaper in the coming weeks on a pullback in shares before an end-year rally.


    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.