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There's a great reason why Microsoft stock is still fairly flat after earnings. Leading into the quarter, Microsoft needed to post a perfect quarter to avoid a drop from its lofty levels.
Microsoft stock rose about 4% in after-hours trading Thursday. The company said it expects to spend more in the coming months as it builds up the infrastructure for building and running AI...
Shares in Microsoft (NASDAQ: MSFT) have popped 35% since May 2023, rallying investors with consistent growth across its business and an expanding position in artificial intelligence (AI).
In December 2022, Microsoft announced a new 10-year deal with the London Stock Exchange for products including Microsoft Azure; Microsoft acquired ~4% of the latter company as part of the deal. [174] In January 2023, CEO Satya Nadella announced Microsoft would lay off some 10,000 employees. [175]
Alphabet and Microsoft led the U.S. stock market to its first winning week in the last four and its biggest weekly gain since November. Microsoft climbed after also topping forecasts.
Stock market prediction is the act of trying to determine the future value of a company stock or other financial instrument traded on an exchange. The successful prediction of a stock's future price could yield significant profit.
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