Microsoft rises as Citi opens 90-day positive catalyst watch
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Microsoft (NASDAQ:MSFT) shares rose in pre-market trading on Monday after investment firm Citi opened up a 90-day positive catalyst watch on the tech giant.
Analyst Tyler Radke, who has a buy rating and $420 price target on Microsoft (MSFT), said that shares have lagged on a relative basis after the company's most recent earnings report, but several artificial intelligence related events could give the stock another jolt.

These include general availability and monetization of flagship generative AI products such as CoPilot, better Azure data and a stabilizing PC market.
Last week, Microsoft (MSFT) CFO Amy Hood said that OpenAI, which makes the popular ChatGPT chatbot and is backed by Microsoft, and other AI products would add at least $10B in revenue to the company's coffers.
"[Generative AI] absolutely should be the fastest $10 billion business we've ever built," Hood said at Goldman Sach's Communacopia + Technology conference.


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