Microsoft: OpenAI grows towards $70 billion and Piper Sandler sees a $610 target - Breakout opportunity!

At Microsoft (i), the breakout from the Pivotal Base could now begin. Two triggers support the AI story: OpenAI is growing significantly faster than previously anticipated, and Piper Sandler has raised the price target from $550 to $610. The rating remains "Overweight". OpenAI approaches $70 billion revenue run rate According to Axios, OpenAI is nearing an annualized revenue run rate of $70 billion. Since the beginning of the third quarter, it has increased by more than 70%. B2B revenues have more than doubled since July. In the third quarter...