Microsoft hits record $2.6 trillion market cap thanks to AI

In the trading session on June 15, Microsoft's stock price increased to a record high of 2.59 trillion USD thanks to AI technology.

Accordingly, software giant Microsoft is considered the leader in the race to apply AI technology, based on its huge investment in OpenAI - the startup that developed the super chatbot ChatGPT.

Microsoft is leading the race to apply artificial AI technology.

Last month, Microsoft rolled out a series of AI upgrades to its software and services, from its Azure cloud to its Bing search engine, in a bid to challenge Google's dominance.

Specifically, in the trading session on June 15, Microsoft shares increased by 3.2%, reaching 348.10 USD/share. Since the beginning of the year, the US software giant's shares have increased by more than 45%, surpassing the record high of 343.11 USD/share set on November 19, 2021.

On the same day, other major US technology companies including Apple and Nvidia also set new stock price records, at $186.01 and $432.89, respectively.

Earlier, JPMorgan analysts raised their price target on Microsoft shares, citing growing demand for AI in the company’s products. Of the 53 analysts covering Microsoft, 44 recommend buying at an average price of $340 per share, according to Refinitiv data.

Source: https://baoquocte.vn/microsoft-can-moc-von-hoa-ky-luc-26-ngan-ty-usd-nho-ai-231190.html