Microsoft stock achieved an all-time high of $500.76 per share, marking a 12% gain for the year, bolstered by its strong positions in cloud services, productivity software, and AI. The company reported $70.1 billion in revenue for its fiscal third quarter, a 15% year-over-year increase. Azure's growth of 31% and promising outlook for AI demand fuel optimism moving forward. To reach $600 per share, Microsoft needs to maintain its growth trajectory and expand earnings significantly by 2026, while also navigating market conditions carefully.
Microsoft reported a $70.1 billion revenue for fiscal Q3, 15% year-over-year growth, with a notable Azure segment driving future expectations, especially with AI diversification.
Azure experienced a remarkable 31% growth, with AI services contributing 13%, showcasing significant demand and integration of AI technologies across Microsoft's platforms.
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