A humorous look at the companies that caught our eye, for better or worse, this week
Shares of Microsoft surged to a record high after JPMorgan hiked its price target on the company – a major investor in ChatGPT developer OpenAI – to US$350 from US$315, citing growth in the AI space. JPMorgan’s target boost followed Microsoft CFO Amy Hood’s comment that “the next generation AI business will be the fastest growing $10-billion business in our history.” With Microsoft’s shares up about 45 per cent this year and other AI stocks also soaring, investors should probably worry less about the end of civilization and more about the end of the AI bubble.
