Microsoft Stock Up 14% in Past Month
Investors bullish on tech giant amid strong earnings and cloud growth
Tech giant Microsoft has seen its stock price surge in recent weeks, driven by strong earnings and growth in its cloud computing business. Microsoft's share price has climbed more than 14% in the past month, outperforming the broader market.
The company's latest earnings report, released in April, showed that Microsoft's revenue grew 18% year-over-year to $49.4 billion. The company's net income also rose 18% to $16.7 billion. Microsoft's cloud computing business, Azure, was a major driver of growth, with revenue increasing 46% year-over-year.
Investors are betting that Microsoft's strong growth will continue in the coming years. The company is a leader in the cloud computing market, and it is also benefiting from the increasing demand for digital transformation. Microsoft's stock price is now trading at around $300 per share, and analysts expect it to continue to rise in the coming months.
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