Wedbush maintained an optimistic view on Microsoft (NASDAQ:MSFT), reiterating its Outperform rating and a $375 price target. The brokerage believes the company's growing presence in the cloud market, coupled with the monetization potential of ChatGPT/AI, could lead to a $40-50 per share boost.

They believe Microsoft could become a $3 trillion company as early as next year. The cloud and Office 365/Windows ecosystem are expected to drive growth and margins in the coming years, while ChatGPT and AI add a new layer of expansion to Microsoft's story.