Starting in-person Tuesday in Seattle and livestreamed from Wednesday, Microsoft's "Ignite" event consists of three days of product announcements and various keynotes from technology executives.
At the Club, we'll be looking for initial evidence of a return on investment (ROI) for Microsoft's AI products — particularly the company's recently launched AI assistant, 365 Copilot .
MSFT YTD mountain Microsoft (MSFT) year-to-date performance Piper Sandler reiterated the Club's take that evidence of early adoption around Copilot, along with ROI, could be bullish for Microsoft.
Bottom line Microsoft stock, up more than 54% year-to-date, has surged in 2023 on the generative AI boom.
If the Ignite conference provides further evidence that Microsoft's large bet on AI is paying off, it would likely be positive for the stock.
Persons:
we'll, Piper Sandler, Wells Fargo, Wells, they'll, Jim Cramer's, Jim Cramer, Jim, Omar Marques
Organizations:
Microsoft, Sunday, Ignite, Bloomberg, Devices, CNBC, Getty
Locations:
Seattle, livestreamed, Copilot, OpenAI