Jim Cramer Discusses Microsoft (MSFT)’s Control Over Productivity Software

We recently published 11 Stocks Jim Cramer Discussed, Including A Potential “Worst Stock Ever”. Microsoft Corporation (NASDAQ:MSFT) is one of the stocks Jim Cramer recently discussed.

Microsoft Corporation (NASDAQ:MSFT) was in the news yesterday after OpenAI completed its restructuring and confirmed the firm as a shareholder. Microsoft Corporation (NASDAQ:MSFT) now holds a 27% stake in the OpenAI Group PBC, which is in turn also controlled by OpenAI, which holds a $130 billion equity stake. During this appearance, Cramer commented on the software company as part of a discussion surrounding retail stocks. He discussed a note from Guggenheim that upgraded the stock to Buy from Neutral and set a $586 share price target. As part of the coverage, Guggenheim cited Microsoft Corporation (NASDAQ:MSFT)’s strengths in the software market through its productivity products and the potential to benefit from AI. Cramer mentioned these as well:

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“[On consumer names not playing the way tech has] But the way to play that is to buy the Microsoft piece. Where it says, Microsoft’s back being monopolist again. You see that positive piece about Microsoft in Guggenheim?. . .it’s got back the near monopoly on the productive suite.”

While we acknowledge the risk and potential of MSFT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MSFT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.