Key Points
Microsoft Corp shares rose to a new record high close on Thursday 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...
In addition, Apple Inc shares also achieved a record high close of $186.01 on Thursday, while shares of graphics chipmaker Nvidia set a fresh intraday record of $432.89...
Earlier Thursday, JPMorgan analysts raised their price target on Microsoft's stock, citing AI driving demand for the company's products..
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