Microsoft Shares Soar 2.05% to Record High on AI Optimism

Microsoft (MSFT) shares surged to a record high today, with an intraday gain of 2.05%.

Oppenheimer recently upgraded Microsoft from Perform to Outperform, maintaining its price target at $600. This upgrade contributed to a roughly 1% increase in Microsoft's share price.

Microsoft's stock reached a record high due to positive analyst sentiment regarding the company's prospects in artificial intelligence. The company's partnership with OpenAI and its own AI system, Copilot, are seen as significant drivers of this optimism.

Microsoft's Azure platform is expected to continue its strong growth, effectively competing with Amazon Web Services. This growth is seen as a significant driver of Microsoft's stock price, contributing to the overall positive sentiment around the company's capabilities in AI and cloud services.