Why Microsoft Stock Surged Today
Microsoft is regaining some ground as investors pivot back into AI software stocks.
Overview
Microsoft (NASDAQ: MSFT) stock moved higher in Wednesday's trading as investors shifted their positioning when it came to artificial intelligence stocks. The company's share price closed out the day up 3%. Meanwhile, the S&P 500 fell 0.2%, and the Nasdaq Composite moved 0.7% lower.
Investors moved out of AI chip stocks today and bought back into artificial intelligence software plays. In addition to that positive catalyst, Microsoft also scored a new long-term deal.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.