Friday, June 8, 2018

Microsoft is trying to become the 'Netflix of Gaming,' putting it on the path to $1 trillion (MSFT)

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Microsoft is trying to become the 'Netflix of Gaming,' putting it on the path to $1 trillion (MSFT)

xbox one x video promoYouTube/Xbox

Microsoft could soon finish developing the next big thing in gaming.  Some on Wall Street haven't appreciated Microsoft's gaming potential, according to Morgan Stanley analyst Keith Weiss.  The gaming business is seeing a shift away from hardware and into software and streaming, which is in Microsoft's wheelhouse. That puts Microsoft on the path to becoming a $1 trillion company.   Watch Microsoft trade in real time here. 

Wall Street is throwing around guesstimates of when Microsoft will become a $1 trillion company, but there's one catalyst many aren't considering that could help catapult the tech behemoth to that level: Microsoft's promising gaming business.

"We see Microsoft building out the 'Netflix of Gaming,'" Morgan Stanley analyst Keith Weiss wrote in a note out to clients. "We think that gaming has historically been largely ignored, misunderstood, and undervalued by analysts and investors."

See the rest of the story at Business Insider

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