Nasdaq MSFT MicroSoft

The S&P 500 and Nasdaq edged higher on Tuesday, propped up by gains in Microsoft shares, while investors awaited comments from Federal Reserve Chair Jerome Powell to assess the central bank's stance on monetary policy.

The AI arms race is about to get real. Today (Tuesday, Feb 7) should see the official unveiling of Microsoft’s ( NASDAQ:MSFT) ChatGPT investment. Do not take this event lightly, appears to be the gist behind Wedbush's Daniel Ives’ comments ahead of the much-talked-about bot’s anticipated entrance into the Microsoft ecosystem. “This OpenAI investment/strategic partnership which is likely in the $10 billion range is a game changer in our opinion for Nadella & Co. as the ChatGPT bot is one of the most innovative AI technologies in the world today,” the 5-star analyst said. The investment looks like part of Microsoft’s attempt to get in on Google’s turf. Its search engine Bing currently commands around a 9% chunk of the search market but integrating the unique tool into the platform could lead to “major share shifts away” from undisputed search leader Google. Not that Google is about to lay down and let Microsoft take over. It’s hardly a coincidence that Microsoft announced its news event right after Google said it is working on a ChatGPT rival of its own called Bard. ChatGPT will also probably be integrated into Microsoft’s cloud services along with Azure, offering more “competitive threats” to the likes of Amazon and Google. As such, the tech giants are about to lock horns and Ives thinks that in order to “unlock the potential of these innovative technologies across the consumer and enterprise fronts,” over the next 12 to 18 months, billions from the tech universe will be invested in the wider AI industry. “We view this as the first shot across the bow in this Big Tech AI battle that is set to hit its next gear of investments over the coming months with Microsoft now leading the race,” the analyst summed up. What this all means for investors? Ives gives MSFT shares a $280 price target to back his Buy rating on the stock. His target suggests room for a 10% uptick over the coming months. To watch Ives’ track record, click here) What does the rest of the Street think about MSFT's growth prospects? It turns out that other analysts agree with Ives. The stock received 25 Buys in the last three months compared to 3 Holds and a single Sell, making the consensus rating a Strong Buy. (See MSFT stock forecast ) To find good ideas for stocks trading at attractive valuations, visit TipRanks’  Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

Alphabet Inc and rival Microsoft are once again locked in a race to rule the internet zeitgeist after the Google owner launched "Bard" in answer to AI chatbot sensation ChatGPT.

Microsoft Corp's Outlook was back up for most users, the company said on Tuesday, after an hours-long outage disrupted the email service application for users primarily in North America.

Activision Blizzard ATVI delivered non-GAAP earnings of 78 cents per share for fourth-quarter 2022, down 22.8% year over year. Consolidated revenues increased 7.9% year over year to $2.3 billion.Total revenues increased 49.2% to $3.37 billion after adjusting for revenues

Wall Street's main indexes slipped on Tuesday as investors awaited Federal Reserve Chair Jerome Powell's comments, which will be scrutinized for further clues on how long the central bank will keep interest rates higher.

Microsoft (NASDAQ: MSFT) deal or not, the calendar Q4 results, outlook and analysts' activity suggest Activision Blizzard (NASDAQ: ATVI) is the clear choice for gaming investors. The results not only shine in relation to its competitor Take-Two Interactive (NASDAQ: TTWO) but the

In early trading on Tuesday, shares of Microsoft topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.1%. Year to date, Microsoft registers a 9.3% gain.

Retail investors are piling into small-cap firms that employ artificial intelligence amid intensifying competition between tech titans Google parent Alphabet and Microsoft to secure leadership in the next big driver of growth.

OpenAI's release of ChatGPT has changed the game. The chatbot has shown the public a clear indication of what artificial intelligence is capable of, answering complex queries, writing jokes, and writing code. It has even passed professional-level exams.

U.S. stock indexes were set to open lower on Tuesday as investors looked ahead to Federal Reserve Chair Jerome Powell's speech, which will be parsed for further clues on how long the central bank will keep interest rates higher.

Retail investors are piling into small-cap firms that employ artificial intelligence amid intensifying competition between tech titans Google parent Alphabet and Microsoft to secure leadership in the next big driver of growth.

Despite some coolness over the past three sessions, shares of e-commerce giant Amazon.com, Inc. (NASDAQ: AMZN) are still up 25% since their January low. This is more like the Amazon of old, whose gravity-defying stock made it one of the buys of the past decade. But it’s been a c

As ChatGPT continues to make big headlines surpassing over 100 million users in just over two months, investors are desperately piling into any stocks that are artificial intelligence (A.I.) related. Some of the notable movers have been enterprise A.I. platform C3.ai Inc. (NASDA

European chipmaker STMicroelectronics and chip design software maker Synopsys on Tuesday said STMicro had for the first time used artificial intelligence software running on Microsoft Corp's cloud to design a working chip.

Cloud computing is a complex universe with several categories and segments, including public cloud services, cybersecurity, software as a service (or SaaS), open source, and more. The video below breaks down the cloud ecosystem and provides the top stocks to buy in each category.

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U.S. stock index futures edged higher on Tuesday, ahead of a speech by Federal Reserve Chair Jerome Powell later in the day that will be parsed for further clues on how long the central bank will keep interest rates higher.