Microsoft (MSFT) is a leader in the tech sector of the stock market that has turned early investors into millionaires. In an industry that has seen its fair share of failed growth stories and burned-out trends, Microsoft is one of the earliest and biggest companies, one which has become a top-three company in the world by market cap. The tech giant was founded over 40 years ago and has made tens of thousands of millionaires in during its reign of dominance.
However, if you are new to investing, or new into the tech side of stock investing, you may wonder if there is even more growth potential in shares of MSFT. Many turn to the stock market and trading to try becoming millionaires, however, doing so requires a keen eye for opportunity. MSFT is one of the biggest and most popular premium stocks in the US, hence its top value per share of 415.82.
Should You Invest In Microsoft Stock? Millions Awaits
Microsoft has enjoyed notable growth due to its strategic planning over the last year. MSFT stock could be set to benefit exponentially. With its current positions, and notable partnerships to grow its presence, there is no shortage of circumstances that the company is not in a position to capitalize on.
The last several years have seen an important shift in stock trends take place. Specifically, AI-related tech companies have been a focus for investors. Moreover, they have combined with an increased interest in cloud-based developments within the industry. The latter has been crucial to the continued success of Microsoft.
Also Read: Microsoft: MSFT to Expand Cloud Service Amid 23% Revenue Surge
In terms of near-term growth, the company is expected to continue its growth thanks to the AI sector. Microsoft is one of the biggest beneficiaries of the growing artificial intelligence business, and it can be seen in the stock’s year-to-date growth (34%). While this hasn’t equated to millionaire growth for investors who jumped in this year, it can still be the start of growth over the next few decades. While prices are high at this point, seeing MSFT’s growth since its inception over three decades ago shows just how much potential the stock has.
If the AI sector continues its exponential growth, Microsoft could follow in the same footsteps. However, investing now in hopes of becoming a millionaire could mean you have to wait a few years to see such growth.