Why Microsoft Stock Is Up Today
Yahoo Finance ·
Shares of Microsoft ( MSFT +2.68% ) rose on Thursday after the technology titan announced that it would provide investors with more information about its fast-growing cloud computing business. Artificial intelligence ( AI ) runs on the cloud. The AI race, in turn, has been a boon for Microsoft's Azure cloud infrastructure platform. Microsoft is a key investor and partner of OpenAI and Anthropic. These and other leading AI model developers rely on Azure for a significant portion of their cloud computing needs. At the same time, tens of thousands of customers use Azure to access AI models, applications, and development tools.
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