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Microsoft Stock Reaches Record High Fueled by AI and Azure Growth

Azure revenue jumped 33% in Q3 following Microsoft’s $80 billion commitment to AI-enabled data centers.

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Overview

  • Microsoft’s shares hit an intraday high of $468.49 on June 5, marking a 12% year-to-date gain and a nearly 30% rise since April.
  • Microsoft has integrated AI into products like GitHub Copilot and Microsoft 365, driving increased adoption among enterprise customers.
  • Analysts predict Microsoft’s AI initiatives could generate over $10 billion in annual revenue, reinforcing expectations of substantial growth.
  • More than 90% of analysts tracked by Bloomberg recommend buying Microsoft stock, with average price targets implying near double-digit upside over the next 12 months.
  • Bank of America reports that 91% of long-only funds hold Microsoft shares, underscoring broad investor confidence.