Microsoft notches record high valuation of nearly $2.6 trillion – Dunya News
NEW YORK (Reuters) – Microsoft Corp shares rose to a new record high close as market optimism about the prospects of artificial intelligence (AI) has helped buoy the technology giant to a record market capitalization of $2.59 trillion.
Microsoft is seen as a leader in the adoption of AI technology in the software industry owing to its huge investment in OpenAI, the San Francisco-based startup that owns the widely popular chatbot ChatGPT.
Last month, Microsoft began rolling out a host of AI upgrades, including ChatGPT, to Azure cloud services as well as its search engine Bing – in a move that seeks to challenge the dominance of Alphabet Inc’s Google.
Microsoft’s shares closed up 3.2% at $348.10 per share on Thursday. The stock, which has gained more than 45% in the year to date, reached its prior record close of $343.11 on Nov. 19, 2021. The stock’s intraday record high was $349.67 on Nov. 22, 2021.
In addition, Apple Inc shares also achieved a record high close of $186.01 on…
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source: https://news.oneseocompany.com/2023/06/15/microsoft-notches-record-high-valuation-of-nearly-26-trillion-dunya-news_2023061546174.html
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