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Bullish

Microsoft's stock hits record high of $549.79 amid AI chip launch

Microsoft's stock reached a record high of $549.79, up 1.6%, following the announcement of its new AI chip, Maia 300, set for deployment in 2027. This move aims to reduce reliance on external suppliers like Nvidia.

Key points

  • Microsoft's stock hits record high of $549.79 amid AI chip launch
  • Barclays raises MSFT price target to $600, maintains 'Overweight' rating
  • Microsoft's top science exec to join Mercedes F1 team as AI advisor

Sources

AI-generated from public news sources. Not financial advice.

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