AI likely to propel Microsoft into the ‘$3 trillion club’ early next year, analyst says

Buoyed by investor interest in anything related to AI, Microsoft Corp. could soon join Apple Inc. as a $3 trillion company, Wedbush analysts said Wednesday, pushed by strength in its cloud-infrastructure business and future gains propelled by ChatGPT.

The analysts, led by Daniel Ives, said that Microsoft’s MSFT cloud business over the next year and a half is well-positioned to take business away from AWS, Amazon.com Inc.’s cloud-services segment. And as its big-tech rivals dive into the AI arms race, they said Microsoft…