Microsoft shares rose Thursday for a fifth consecutive day of gains and were on track for a record closing high.
Microsoft Corp. shares rose Thursday for a fifth consecutive day of gains and were on track for a record closing high as investors focused more on the tech giant’s artificial-intelligence roadmap and less on the stalled $69 billion acquisition of videogame publisher Activision Blizzard Inc.
Microsoft MSFT shares rose as much as 3%, holding near their intraday high of $346.78. Shares closed at a record $337.34 on Wednesday, following a 0.9% gain. In afternoon trading, Microsoft accounted for more than 140 points of gain on the Dow Average, which was last up more than 370 points, or 1.2%, on the day.
“Regarding Microsoft’s monetization of AI, the company shares that one primary lever is through the tools and services customers use to build AI apps and services, such as running Azure OpenAI APIs or using the Azure infrastructure for example,” Murphy said, referring to application programming interfaces. “Additionally, the company expects AI to be built into ‘every Microsoft Cloud solution.
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