As Microsoft (NASDAQ: MSFT) shares continue to record steady price increases, supported by positive developments around the company, investors are increasingly optimistic about the stock’s future.
Meanwhile, the stock price of tech giant Apple (NASDAQ: AAPL) is showing signs of recovery after several challenging months in 2024.
Apple faced significant hurdles, including a DOJ lawsuit for allegedly maintaining a monopoly and multiple global litigations. Additionally, declining iPhone sales in China, its largest market outside the US, have partially dimmed investor confidence.
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With these contrasting trajectories, investors are left questioning which stock is the better buy for 2024.
To address this, we asked ChatGPT-4o to determine which stock is a better buy for 2024, considering its historical price action, analysts’ predictions, technical indicators, and other relevant information.
ChatGPT-4o : Microsoft emerges as the better investment option for 2024
ChatGPT-4o named Microsoft as a top investment choice for 2024, highlighting its strong financial performance, leadership in software and cloud computing, and significant advancements in AI innovation.
Additionally, it suggested that Microsoft’s diversified portfolio, spanning software, cloud services, AI, and gaming, ensures a balanced and sustainable growth trajectory.
MSFT price analysis
Microsoft has gained approximately 11% year-to-date in 2024, showcasing its strong performance. Although it may not be the purest AI play like Nvidia (NASDAQ: NVDA), Microsoft offers a comprehensive AI opportunity with extensive integration across multiple sectors.
Azure OpenAI is used by over 65% of Fortune 500 companies, and GitHub Copilot and Copilot Studio have seen rapid growth.
Recent developments, such as new Copilot+ devices and a $1 billion data center investment in Kenya with UAE’s G42, highlight its innovation and global expansion.
With a relative strength index (RSI) of 46, indicating stable trading, and strong quarterly earnings, and cloud growth, investor confidence remains high.
Given these factors, Microsoft stands out as a superior investment for 2024. However, diversification remains essential for a balanced portfolio.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
