Satya Nadella, chief executive officer of Microsoft Corp., pauses while speaking during a Microsoft product event in New York, U.S., on Wednesday, Oct. 2, 2019.

Mark Kauzlarich | Bloomberg | Getty Images

(This story is for CNBC Pro subscribers only.)

The coronavirus crisis accelerated corporate America’s need for cloud infrastructure, positioning Microsoft’s Azure cloud business to drive revenue and market value in the coming years, according to Wells Fargo. 

The Wall Street firm — which has an overweight rating on the Satya Nadella-led technology giant — believes Microsoft’s market capitalization can top $2 trillion in the next few years due to strength in its cloud business. 

Originally published at CNBC

Do NOT follow this link or you will be banned from the site!
error: Content is protected !!