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The rapid advancements in artificial intelligence (AI) have significantly impacted various industries, making AI stocks appealing to investors seeking growth opportunities. Among the many contenders in this space, tech giant Microsoft (MSFT) has emerged as a key player with its robust AI capabilities. The company had an impressive start to fiscal 2024, with outstanding growth across all its segments.
Last year, the stock soared 57%, outperforming the tech-heavy Nasdaq Composite ($NASX), which rose 44.5%.