{"id":37411,"date":"2023-07-18T17:49:38","date_gmt":"2023-07-18T21:49:38","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/microsoft-stock-closes-at-all-time-high-after-revealing-new-ai-powered-platform\/"},"modified":"2023-07-18T17:49:40","modified_gmt":"2023-07-18T21:49:40","slug":"microsoft-stock-closes-at-all-time-high-after-revealing-new-ai-powered-platform","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=37411","title":{"rendered":"Microsoft Stock Closes At All-Time High After Revealing New AI-Powered Platform"},"content":{"rendered":"<div>\n<h2 class=\"topline-heading\">Topline<\/h2>\n<p>Microsoft share price closed at a record $359.49 on Tuesday following the company\u2019s reveal of Microsoft 365 Copilot, an AI-powered version of the productivity platform\u2014the latest tech company to enjoy an artificial intelligence-fueled boost.<\/p>\n<h2>Key Facts<\/h2>\n<div class=\"key-facts\">\n<div class=\"key-facts-element\">\n<p>Microsoft\u2019s stock closed up nearly 4% Tuesday, reaching the highest value it has ever traded at and pushing the company\u2019s market cap to $2.67 trillion.<\/p>\n<\/p><\/div>\n<div class=\"key-facts-element\">\n<p>The tech conglomerate\u2019s positive stock performance was fueled by an announcement that the AI-powered Microsoft 365 Copilot would be offered for $30 a month for Microsoft 365 customers on different plans.<\/p>\n<\/p><\/div>\n<div class=\"key-facts-element\">\n<p>The Copilot subscription would be added on top of existing Microsoft 365 plans, which already range from $12.50 a month to $36 a month for each user.<\/p>\n<\/p><\/div>\n<div class=\"key-facts-element\">\n<p>The stock, which peaked at $366.30 Tuesday and hit an all-time high on June 15, has risen more than 6% in the last month.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad>\n <\/div>\n<\/div>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Tangent<\/h2>\n<p>Microsoft is one of several tech companies experiencing record-setting stock prices in the wake of AI developments and investments. Nvidia, which produces chips used to power AI systems, also reached an all-time high Tuesday\u2014when it closed up more than 2% at $474.94. The record comes less than two months after the company surged past a $1 trillion market cap, driven partly by optimism that the company\u2019s chips could help fuel AI systems. Last month, software company Oracle recorded an all-time high stock price of $126.55 before later dropping slightly, benefiting from developments in AI that have led the company to invest in Cohere\u2014a generative AI startup valued at more than $2 billion.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">What To Watch For<\/h2>\n<p>Microsoft has not set a release date for the incoming AI software, which will enter a competitive market inhabited by the likes of Google, Salesforce and other tech juggernauts.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Key Background<\/h2>\n<p>Microsoft\u2019s Copilot was announced in March as a Microsoft 365 integration that would help users with productivity and skills on apps such as Word, Excel, PowerPoint and more. Microsoft CEO Satya Nadella said in a statement that the AI addition would \u201cfundamentally change the way we work and unlock a new wave of productivity growth.\u201d Since the start of the year, Microsoft\u2019s stock has increased nearly $120 per share, recovering from plummeting prices for it and other major tech companies last year and reaching well past Microsoft\u2019s best stock performances ever\u2014which were recorded in late 2021.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\"><\/h2>\n<p>Microsoft \u2013AI Will Help Drive $100 Billion In Revenue By 2027 (Forbes)<\/p>\n<p>Nvidia Hits $1 Trillion Market Value (Forbes)<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/antoniopequenoiv\/2023\/07\/18\/microsoft-stock-closes-at-all-time-high-after-revealing-new-ai-powered-platform\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Topline Microsoft share price closed at a record $359.49 on Tuesday following the company\u2019s reveal of Microsoft 365 Copilot, an AI-powered version of the productivity platform\u2014the latest tech company to enjoy an artificial intelligence-fueled boost. Key Facts Microsoft\u2019s stock closed up nearly 4% Tuesday, reaching the highest value it has ever traded at and pushing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":37412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-37411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Microsoft Stock Closes At All-Time High After Revealing New AI-Powered Platform | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Topline Microsoft share price closed at a record $359.49 on Tuesday following the company\u2019s reveal of Microsoft 365 Copilot, an AI-powered version of the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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