Microsoft stock hits record

Microsoft's stock reached a new intraday high on Thursday, surpassing a previous record set nearly a year ago. This surge reflects growing investor confidence in the company's position as a leader in artificial intelligence. The market is responding positively to Microsoft's AI advancements, viewing them as a key driver for future growth. Microsoft's commitment to AI is demonstrated by its significant investments in AI infrastructure, including plans to spend $80 billion on data centres. This investment is expected to enhance its profit potential in the coming years.

Analysts have noted that Microsoft's cloud infrastructure business benefits from the increasing adoption of Azure cloud services, driven by the demand for AI solutions. Azure revenue increased 33% year over year, with AI contributing 16 percentage points to that growth. The company's financial results have consistently exceeded expectations, further bolstering investor confidence. With a strong focus on AI and a robust cloud infrastructure, Microsoft is well-positioned to capitalise on emerging opportunities and maintain its growth trajectory.