Piper Sandler declares Microsoft's long-awaited 'iPhone' moment has arrived.

Piper Sandler analysts believe that the release of Microsoft's M365 Copilot AI assistant marks an "iPhone moment" for the company, presenting a first-mover advantage in generative AI. They predict that Microsoft AI has the potential to reach $100B+ in revenue, with rapid growth expected. Piper Sandler has an Overweight rating on Microsoft stock and a $425 price target.