Posted 12/19/2023, 11:15:00 AM
Microsoft Stock Reaches New Highs on Cloud and AI Momentum
- Microsoft stock has recovered from a 52-week low in January to reach a 52-week high in November 2022, showing strong growth
- The company is capitalizing on hot trends like cloud computing and AI, with Azure and Dynamics 365 driving growth
- Massive data center footprint and partnerships continue fueling Microsoft's cloud dominance
- The acquisition of Activision Blizzard will provide a gaming sales boost
- With tailwinds in cloud and AI powering growth, plus a modest dividend, Microsoft remains a strong tech stock buy