ChatGPT is worth at least $20 per share to Microsoft as it ramps up its monetization efforts of the AI chatbot, Wedbush says

Wed, 04/12/2023 - 09:54

Microsoft is poised to benefit from the growing adoption of OpenAI's ChatGPT, according to Wedbush.
Wedbush analyst Dan Ives said Microsoft's exposure to the AI chatbot is worth at least $20 per share.
Ives raised his Microsoft price target to $315 on its AI exposure and the strength of its Azure cloud business.

Microsoft is poised to benefit from the growing adoption of OpenAI's ChatGPT after it made a $10 billion investment in the company earlier this year, according to a recent note from Wedbush analyst Dan Ives.