Microsoft stock hits new high ahead of AI news

Microsoft (Microsoft Corporation) shares hit a record high on Friday as the company prepares to announce its latest advances in artificial intelligence at a conference next week.

in day trading Today’s stock marketMicrosoft shares hit an all-time high of 370.09.Following move, MSFT share price breaks through cup holder in a buy some 366.78, based on IBD Market Smith The regular trading day ended up 2.5% at 369.67.

Microsoft stock has been rising recently. It had risen for nine consecutive sessions until Thursday, when it fell 0.7% in regular trading to close at 360.69 points. It’s the longest winning streak since November 2019, when it posted nine consecutive trading days of gains.

Microsoft continued to perform well in its earnings report released on October 24th.The Redmond, Wash.-based company attributed the better-than-expected results to its cloud computing business First fiscal quarter results.

In a conference call with analysts, Microsoft Chief Executive Satya Nadella touted the company’s artificial intelligence initiatives, including its Copilot product.

Microsoft stock appears on four IBD lists

Microsoft will deliver a keynote address Wednesday at the Ignite conference in Seattle to discuss its latest artificial intelligence initiatives, which could be the next catalyst for MSFT stock.

Microsoft stock appears on four IBD stock lists: IBD50, Ranking list, Market 20 and technology leader.

Furthermore, Microsoft is one of the Hao Qi stock.Others are letter (Google), amazon.com (Amazon), apple (AAPL), meta platform (Mehta), Nvidia (NVDA) and Tesla (Tesla).