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According to ReutersShares of Microsoft rose to a new record high in the closing hours on Tuesday. Microsoft’s market value reached a record-breaking $2.59 trillion thanks to the stock’s growth. Analysts say that investment in the field of artificial intelligence is the main reason for Microsoft’s record-breaking stock.
Microsoft is considered one of the leaders in the artificial intelligence market and has invested heavily in this field. Microsoft is also the main shareholder of OpenAI (the creator of ChatGPT) and has a close business relationship with this American startup.
Last month, Microsoft added artificial intelligence to many of its services, including Azure cloud services. Currently, the Bing search engine also uses artificial intelligence. In the first stage of artificial intelligence competition, Microsoft has been able to defeat Google.
Yesterday, Microsoft shares experienced a growth of 3.2% and reached $348.10. The value of Microsoft shares has increased by more than 45% since the beginning of 2023.
Microsoft’s previous record high ($343.11) was set in late 2021. At the same time, Microsoft shares temporarily reached $349.67, but quickly fell again.
On Thursday, Apple’s stock broke a record and reached $186.01. At the same time, we saw the record breaking price of Nvidia shares, although the number of $432.89 was temporary and the stock value went down again.
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