On Thursday, Microsoft Corporation set a new record market value, fueled by optimism about the company’s focus on artificial intelligence (AI).
Microsoft Market Value
The total value of the US technology behemoth increased by 3.20% to $2.59 trillion as its shares reached a new high of $348.10.
MS’s stock has performed admirably, with a significant upward trend. It has risen by more than 7% in the last five trading days and more than 11% in the last month. MS shares have increased by more than 45% since the beginning of the year.
JP Morgan analysts have raised their target price for Micro’s stock, citing strong demand for the company’s AI-driven products.
According to Refinitiv data, 44 of the 53 analysts covering Microsoft have recommended buying the stock, with a median target price of $340.
The positive market reaction reflects the market’s belief in MS’s AI-focused strategy and its ability to meet the growing demand for AI-powered solutions.
Corporation maintains its position as a technology industry leader with a strong performance and a positive outlook.
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