Microsoft's valuation could surge $350 billion with AI creating a 'golden opportunity' for the tech giant, Wedbush says

• Microsoft shares could jump another 14% thanks to artificial intelligence, according to Wedbush's Dan Ives.
• The tech giant's second-quarter earnings beat expectations, but its stock fell slightly ahead of Wednesday's opening bell.
• It has pledged to embark on an AI spending spree, with demand for its services surging.

Microsoft's valuation could be set to rise by over $350 billion thanks to its looming artificial intelligence spending spree, according to Wedbush's managing director.