What's Going On With Microsoft Shares
Portfolio Pulse from Henry Khederian
Microsoft Corp (NASDAQ:MSFT) shares are trading higher by 0.91% to $345.78, and 3.35% higher for the week. This follows the release of June CPI data indicating lower than expected inflation rates. The Producer Price Index (PPI) for final demand also recorded a 0.1% rise in June. Microsoft shares have surged approximately 44% on a year-to-date basis, largely due to investor interest in artificial intelligence stocks.
July 14, 2023 | 5:43 pm
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Microsoft shares are trading higher following lower than expected inflation rates. The stock has seen a year-to-date surge of 44%, largely due to investor interest in AI stocks.
The lower than expected inflation rates have led to a positive market reaction, benefiting Microsoft shares. Additionally, the heightened interest among investors in stocks associated with artificial intelligence has contributed to a notable surge in Microsoft's stock on a year-to-date basis.
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