{"id":85054,"date":"2023-06-16T01:49:28","date_gmt":"2023-06-16T05:49:28","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=85054"},"modified":"2023-06-16T01:28:15","modified_gmt":"2023-06-16T05:28:15","slug":"microsofts-stock-hits-record-after-executives-predict-10-billion-in-annual-a-i-revenue","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2023\/microsofts-stock-hits-record-after-executives-predict-10-billion-in-annual-a-i-revenue.html","title":{"rendered":"Microsoft\u2019s stock hits record after executives predict $10 billion in annual A.I. revenue"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/MSFT\/\">Microsoft<\/a> shares climbed to a record Thursday after analysts at <a href=\"https:\/\/www.cnbc.com\/quotes\/JPM\/\">JPMorgan Chase<\/a> touted the software maker\u2019s 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\u2019s announcement Wednesday that it would <a href=\"https:\/\/www.cnbc.com\/2023\/06\/14\/fed-rate-decision-june-2023.html\">hold off<\/a> on increasing interest rates.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/06\/15\/microsoft-stock-hits-record-as-leaders-see-10-billion-in-ai-revenue.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Microsoft shares climbed to a record Thursday after analysts at JPMorgan Chase touted the software maker\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85054","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=85054"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85054\/revisions"}],"predecessor-version":[{"id":85055,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85054\/revisions\/85055"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=85054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=85054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=85054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}