Stock Market Today, May 29: Microsoft Rises as $37 Billion AI Run Rate Highlights Cloud Growth
Today's Change ( 5.25 %) $ 22.40 Current Price $ 449.39 Microsoft ( MSFT +5.25% ) , a global software and cloud solutions provider, closed Friday at $450.24, up 5.45%. The stock moved higher on reports of stronger AI-driven revenue, in-house model development to cut costs, and Xbox and software strength. Investors are watching how its evolving usage-based pricing and hybrid AI-cloud model sustain growth. The company’s trading volume reached 77.2 million shares, which is about 124% above compared with its three-month average of 34.5 million shares. Microsoft went public in 1986 and has grown 463000% since its IPO.
Stock Market Today, May 29: Microsoft Rises as $37 Billion AI Run Rate Highlights Cloud Growth. Today's Change ( 5.25 %) $ 22.40 Current Price $ 449.39 Microsoft ( MSFT +5.25% ) , a global software and cloud solutions provider, closed Friday at $450.24, up 5.45%. The stock moved higher on reports of stronger AI-driven revenue, in-house model development to cut costs, and Xbox and software strength. Investors are watching how its evolving usage-based pricing and hybrid AI-cloud model sustain growth. The company’s trading volume reached 77.2 million shares, which is about 124% above compared with its three-month average of 34.5 million shares. Microsoft went public in 1986 and has grown 463000% since its IPO. How the markets moved today The S&P 500 ( ^GSPC +0.22% ) added 0.23% to finish at 7,580.06, while the Nasdaq Composite ( ^IXIC +0.20%...