Microsoft Corporation ($MSFT) Stock Forecast: Up 5.2% Today

What is Microsoft Corporation?

Microsoft Corporation (MSFT) is a multinational technology company known for its software products and services, including Windows, Office, and Azure cloud services. The company has a strong presence in the tech industry and is a key player in the AI and cloud computing sectors.

Why is Microsoft Corporation going up?

MSFT stock is up 5.2% on Apr 26, 2024 14:56

• Microsoft's stock had a strong bullish movement today, gaining 2.76%.
• The positive market sentiment towards Microsoft can be attributed to the company's AI strategy being validated by a recent earnings beat.
• Tech entrepreneur Peter H. Diamandis emphasized the importance of AI for companies like Microsoft and Google, indicating a bullish outlook for tech firms leveraging AI technologies.
• Analysts praising Google's parent company Alphabet Inc. for its strong earnings performance could have positively influenced investor sentiment towards tech stocks like Microsoft, contributing to the bullish movement in the market.

MSFT Price Chart

MSFT News

US stocks trading higher at the U.S. Open

Microsoft and Alphabet are leading stocks higher in early US trading. The NASDAQ index is the biggest gainer. The Dow Industrial Average is trading near unchanged. A snapshot of the markets shows: Dow Industrial Average average up 35 points or 0.10% at 38124.65 S&P index of 31.66 points or 0.64% at 5080. NASDAQ index up 205 points or 1.31% at 15816. The small-cap Russell 2000 is trading up 4.08 points or 0.21% at 1965.28. Big gainers include: Google up 10.02% Microsoft up 2.76% Amazon up 1.79% Super Micro Computers up 2.34% This article was written by Greg Michalowski at www.forexlive.com.

https://www.forexlive.com/news/us-stocks-trading-higher-at-the-us-open-20240426/

Microsoft''s AI Strategy Validated By Q3 Earnings Beat

No summary available.

https://seekingalpha.com/article/4686482-microsoft-stock-ai-strategy-validated-by-q3-earnings-beat?source=feed_all_articles

US stocks in premarket trading are higher led by the NASDAQ index

The major US stock indices are trading higher in premarket trading, but off the highest levels. Dow Industrial Average averages is virtually unchanged with a small gain of 12 points S&P index is implying gain of 33 points or 0.66% NASDAQ futures are implying a gain of 146 points or 0.83% For the trading week, the major indices are going into today''s trade with gains. The S&P is looking to snap a three week decline while the NASDAQ index is looking to snap a four week decline: Dow Industrial Average is up 0.26% S&P index is up 1.63% NASDAQ index is up 2.16% Shares of Microsoft after their earnings are trading at $14.36 or 3.6%. Alphabet shares are up $18 or 11.47%. They too announced earnings after the close yesterday. Intel shares are sharply lower after disappointing earnings (down -9.26%). Nvidia shares are up $13.21 or 1.60%. Amazon shares are up $4.48 or 2.58%. Meta Platforms shares are down $-1.78 or -0.40%. Yesterday Meta Platforms shares fell $52.12 or -10.56% after announcing higher expenses and lower expectations for Q2 revenues.

https://www.forexlive.com/news/us-stocks-in-premarket-trading-are-higher-led-by-the-nasdaq-index-20240426/

'Real Deal': Amid Microsoft, Google Earnings, Techpreneur Says By 2030 Companies Not 'Fully Utilizing AI' Will Be 'Out Of Business' - Alphabet ( NASDAQ:GOOG ) , Alphabet ( NASDAQ:GOOGL )

Renowned tech entrepreneur, Peter H. Diamandis, anticipates AI to be a significant driver of earnings growth for Alphabet Inc. GOOGL GOOG and Microsoft Corporation MSFT. What Happened: During CNBC's "Last Call" on Thursday, Diamandis stated, "This is the real deal," referring to the role of AI in ...

https://www.benzinga.com/news/24/04/38459818/real-deal-amid-microsoft-google-earnings-techpreneur-says-by-2030-companies-not-fully-utilizing-ai-w

''Put It In The Louvre:'' Tech Bull Praises Google Parent Alphabet''s ''Major Breakout Quarter,'' Says It Is ''Now In The Party''

Wedbush''s Dan Ives heaped praise on Google ‘s parent Alphabet Inc (NASDAQ: GOOG ) (NASDAQ: GOOGL ) after the company beat revenue and earnings per share (EPS) estimates in its March 2024 quarter results . What Happened: Ives expressed his admiration for Google following the company’s Q1 earnings, where it declared its first-ever dividend. In an interview with CNBC, Ives described the results as “a quarter they should frame and put in the Louvre,” adding that he sees nothing negative in the report. He also highlighted the positive implications for near-term growth and margin, as well as the management’s comments on search generative experience (SGE,) which should ease long-term investor concerns. See Also: ‘Another Picasso-Like Performance:’ Top Tech Analyst Praises Satya Nadella, Says Microsoft Is Top ‘AI Draft Pick’ With 20% Rally In Store He concluded by noting that the AI and cloud story is now unfolding and increased the price target for Google to $205 from $175.

https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38459459/put-it-in-the-louvre-tech-bull-praises-google-parent-alphabets-major-breakout-quart

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Microsoft Corporation Price History

20.10.2023 - MSFT Stock was up 3.4%

• The bullish movement in MSFT today can be attributed to the news of Microsoft hiring Sam Altman, the former CEO of OpenAI, to lead a new advanced AI research team. This announcement indicates Microsoft's commitment to advancing its artificial intelligence capabilities and signals potential future developments in the field. The market responded positively to this news, as it recognizes the potential value that Altman's expertise can bring to Microsoft's AI projects.

20.10.2023 - MSFT Stock was up 3.1%

• The bullish movement in MSFT stock today can be attributed to the news of Sam Altman, the former CEO of OpenAI, joining Microsoft to lead a new advanced AI research team. This development indicates Microsoft's commitment to advancing its AI capabilities and leveraging Altman's expertise in the field. The market is likely responding positively to this strategic move, as it positions Microsoft to remain at the forefront of AI innovation and potentially gain a competitive edge in the industry.

20.10.2023 - MSFT Stock was up 3.4%

• The bullish movement in MSFT today can be attributed to the news of Microsoft hiring Sam Altman and Greg Brockman from OpenAI to lead a new advanced artificial intelligence research team. This move is significant for Microsoft as it aims to leverage the expertise of Altman and Brockman to strengthen its position in AI development. The market reacted positively to this news, indicating investor confidence in Microsoft's future prospects in the AI space.

20.10.2023 - MSFT Stock was up 3.1%

• The bullish movement in MSFT today can be attributed to the news of Sam Altman, the former CEO of OpenAI, joining Microsoft to lead a new advanced AI research team. This announcement indicates Microsoft's commitment to furthering its advancements in artificial intelligence, which is seen as a positive development by investors. The addition of Altman and Greg Brockman, who also joined Microsoft after their departure from OpenAI, adds to the company's expertise in this field. This news likely boosted investor confidence in Microsoft's future prospects and contributed to the bullish market movement.

20.10.2023 - MSFT Stock was up 3.5%

• The bullish movement in MSFT today can be attributed to the news of Microsoft hiring Sam Altman, the former CEO of OpenAI, to lead a new advanced AI research team. This development indicates Microsoft's commitment to advancing artificial intelligence technology and leveraging Altman's expertise in the field. The market is likely responding positively to this strategic move, as it positions Microsoft to stay at the forefront of AI innovation.

26.03.2024 - MSFT Stock was up 5.2%

• Microsoft's stock had a strong bullish movement today, gaining 2.76%.
• The positive market sentiment towards Microsoft can be attributed to the company's AI strategy being validated by a recent earnings beat.
• Tech entrepreneur Peter H. Diamandis emphasized the importance of AI for companies like Microsoft and Google, indicating a bullish outlook for tech firms leveraging AI technologies.
• Analysts praising Google's parent company Alphabet Inc. for its strong earnings performance could have positively influenced investor sentiment towards tech stocks like Microsoft, contributing to the bullish movement in the market.

08.08.2023 - MSFT Stock was up 1.1%

• The bullish movement in MSFT could be attributed to the strong performance of the technology sector, which has been thriving and leading the market.
• The article about the smart money dumping popular stocks does not seem to directly impact MSFT's bullish movement.
• The article cautioning against FOMO and waiting for weakness in Nvidia's stock does not provide any specific information that would affect MSFT's market movement.
• The news about Chinese social media campaigns impersonating U.S. voters does not seem to have a direct impact on MSFT's market movement either.
• Overall, it appears that the bullish movement in MSFT is more influenced by the positive sentiment surrounding the technology sector and the company's own performance rather than the news articles provided.

20.10.2023 - MSFT Stock was up 3.4%

• The bullish movement in MSFT stock today can be attributed to the following factors:
• 1. Hiring Sam Altman: Microsoft's decision to hire Sam Altman, the former CEO of OpenAI, to lead its new in-house artificial intelligence team indicates the company's commitment to advancing its AI capabilities. This news likely boosted investor confidence in Microsoft's future prospects and contributed to the bullish movement.
• 2. Expansion into AI Research: With the hiring of Altman and Greg Brockman, Microsoft is signaling its intention to strengthen its position in the field of advanced AI research. This strategic move is likely seen as a positive development by investors, leading to increased buying activity and driving the stock price higher.
• 3. Talent Acquisition: By attracting top talent from OpenAI, Microsoft is demonstrating its ability to attract and retain industry-leading experts in the field of artificial intelligence. This acquisition of talent is seen as a competitive advantage and could potentially position Microsoft as a leader in AI innovation, further driving investor optimism.
• 4. Market Confidence: The swift action taken by Microsoft to hire Altman and Brockman shortly after their departure from OpenAI reflects the company's agility and ability to capitalize on opportunities. This move likely instilled confidence in investors, resulting in a bullish market movement for MSFT stock.
• Overall, the hiring of Sam Altman and Greg Brockman by Microsoft to lead its new AI team, along with the company's focus on expanding its AI research capabilities, has contributed to the bullish movement in MSFT stock today.

04.03.2024 - MSFT Stock was down 0.0%

• An investigation into Microsoft's cloud computing licensing practices by the South African antitrust agency may have raised concerns among investors, contributing to the bearish sentiment.
• Despite a positive development in quantum computing with Quantinuum, the market focus on the ongoing antitrust investigation might have overshadowed this news.
• The strategic partnership agreement with Cloud Software Group, while promising, might not have sufficiently countered the negative impact of the antitrust probe on investor confidence in Microsoft.
• The bearish movement in MSFT stock today is likely tied to uncertainties surrounding the antitrust investigation and its potential effects on the company’s operations and reputation.