what is microsoft currently trading at

He unleashed a stream of growth figures, most of them quarter-over-quarter, to show how steeply the uptake of AI products like AzureAI and Copilot is rising. Shares fell 7% after the company gave the spending forecast on a call with analysts but quickly pared losses to trade down 3% after it said Azure growth would accelerate in the second half of fiscal 2… Microsoft Corp.’s cloud-computing revenue growth slowed in the latest quarter, and it’s expected to slow further in the current quarter. Microsoft’s Frankfurt-listed shares fell 2.7% at the open on Wednesday following a disappointing update.

Microsoft (MSFT) Stock Price, News & Analysis

Microsoft is set to release its earnings for the fourth quarter of fiscal year 2024 on July 30 after market close. Profits for Azure and artificial intelligence will be most significant for investors due to its recent partnership with OpenAI. Last quarter was easily Microsoft’s highest-grossing one yet, trouncing the prior record of $62.02 billion set in the quarter ending last December and closing out Microsoft’s fiscal year with a bang. Microsoft’s $88.1 billion net income ($11.80 earnings per share) in its fiscal year stretching from July 2023 to June 2024 shattered last year’s previous record of $72.4 billion, while its $245.1 billion of revenue dwarfed 2023’s record $211.9 billion. The market’s reaction to Microsoft’s overall strong earnings is similar to that of Google parent Alphabet’s announcement last week, when its shares fell 5% despite a double beat.

For Business

Through July 30, Microsoft stock had risen 14% — slightly below the S&P 500’s 14.6% increase, according to Google Finance. It’s currently trading at a 52-week high and may continue to grow if its earnings potential is sustained. Microsoft broke down its spending in the quarter, saying capital expenditures, including finance leases, were $19 billion — and AI-related spending represented nearly all of that.

what is microsoft currently trading at

Insiders & Institutions

Investors flinched at the premise, but Google’s just got too much going for it — including a massive amount of web traffic — to threaten its business. The tech titan still needs to overcome some tough near-term challenges. https://www.1investing.in/ Copilot use with the Office 365 products grew 60%, from the March to June quarters. Shares were down 2.2% at $413.73, while futures tracking the tech-heavy Nasdaq Composite rose 1.6%—a relatively large move.

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  2. Davidson says that customer demand for AI services is continuing to drive Microsoft and other hyperscalers’ unsustainable levels of spending.
  3. Support and Resistance points are based on end-of-day prices and are intended for the current trading session if the market is open, or the next trading session if the market is closed.
  4. Yet, shares of Microsoft cratered about 7% following the earnings announcement, already nursing a more than 8% decline over the last three weeks.
  5. The Copilot AI assistant has proven a hit on the company’s software development service Github, where use of the AI assistant grew 180% year-over-year, and contributed over 40% of Github’s growth.
  6. Most notably, its intelligent cloud segment saw a 21% increase in revenue within the same period.

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MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Microsoft Corporation was founded in 1975 in Albuquerque, New Mexico by Bill Gates and Paul Allen. The two quit their respective Harvard schooling and programming jobs to start a software company focused on the then-popular Altair 8800.

Support and Resistance points are based on end-of-day prices and are intended for the current trading session if the market is open, or the next trading session if the market is closed. Analysts were weighing up two aspects of Microsoft’s fiscal fourth-quarter earnings report early Wednesday, with slowing revenue at the software giant’s Azure cloud-computing unit and CEO Satya Nadella’s latest comments on artificial intelligence both in focus. Shares fell in post-market trading after Microsoft released its fourth-quarter earnings report. Its Azure cloud unit’s revenue grew 29%, slightly slower than analysts had expected. After Microsoft (MSFT) reported better-than-expected earnings for the fiscal fourth quarter but its cloud growth missed estimates, executives gave investors an update on the tech giant’s investments i… Microsoft (MSFT) shares tumbled nearly 3% in Tuesday’s extended trading session after the tech giant reported better-than-expected quarterly results but missed Wall Street’s revenue estimate for its c…

During the company’s fiscal fourth-quarter earnings call on Tuesday (July 30), executives described surging demand for… Over the past year, AXP has been one of the major Dow leaders, with its share price increasing by 49%. It is a solid investment for the long term, especially among blue-chip companies. Microsoft’s higher-than-expected capital spending and stagnant Office 365 revenue could also spook investors, Ader added, although he stood by his $490 price target, which implies the stock could jump 16% from its level as of Tuesday’s closing bell. Below, I discuss three blue-chip stocks that have continued growth opportunities for investors and have all performed better than the S&P 500 and Nasdaq this past year. Blue-chip companies typically have a large market cap, solid financial reputation and overall positive sentiment among investors.