(CNBC) Microsoft shares climbed to a record Thursday after analysts at JPMorgan Chase touted the software maker’s growth prospects in artificial intelligence. The stock rose 3.2% to close at $348.10, topping its prior all-time high reached in November 2021, the same month the Nasdaq peaked. U.S. indexes enjoyed a broad rally, following the Federal Reserve’s announcement Wednesday that it would hold off on increasing interest rates.
Microsoft’s stock hits record after executives predict $10 billion in annual A.I. revenue
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