Microsoft’s trillion-dollar quarter powered by ravenous AI trade
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Microsoft shares jumped 37.5% from July through September, adding $1 trillion to the company’s market value.
- ✓This surge followed strong AI demand and cloud growth.
- ✓Chad Morganlander said, “It is showing a clear path to profitability with AI.” The tech giant remains the only big spender with positive free cash flow.
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- BUSINESS
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- Moneycontrol
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- 4 Minute(s)
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With Microsoft Corp.’s best quarter for decades in the books, Wall Street is betting the stock can keep rallying as the tech giant’s standing in the artificial intelligence landscape continues to improve.
The shares jumped 37.5% from July through September, their best quarterly showing since 1998, adding $1 trillion to the company’s market capitalization. Microsoft also was the fifth-best performer in the technology-heavy Nasdaq 100 Index, which has gained just 0.4% over the last three months.
“After a period where it struggled with the message, Microsoft has been crisper and cleaner on how it will monetize its capital outlay and benefit its customers,” said Chad Morganlander, senior portfolio manager at Washington Crossing Advisors and a long-time holder of the stock.
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