Shares of Netflix Inc. rose 0.49% as the stock market had a positive trading session, although it underperformed compared to some of its competitors.
DexCom Inc. stock rose by 1.30% after ending a four-day losing streak, as the overall stock market also experienced significant gains.
TechnipFMC PLC's stock rose 1.24% on a favorable trading day, marking its third consecutive day of gains.
Shares of VF Corp. rose 1.09% on a favorable trading session, but closed $25.37 below its 52-week high, underperforming compared to its competitors.
Microsoft Corp. shares slipped 0.20% as the stock market experienced a rough trading session, with the S&P 500 and Dow Jones Industrial Average also falling.
Shares of Netflix Inc. dropped 0.08% to $442.80, marking the stock's third consecutive day of losses, while the S&P 500 and Dow Jones Industrial Average experienced gains in a positive trading session.
Oracle shares dipped 13.5% after disappointing earnings and revenue guidance, while WestRock rose 2.8% following news of a merger with Smurfit Kappa, and Apple shares fell 1.8% ahead of the launch event for its new iPhone.
Shares of Alphabet Inc. Cl A rose 1.01% to $136.71 on a mixed trading session, closing $1.29 below its 52-week high, while underperforming compared to competitors like Microsoft, Amazon, and Meta Platforms.
Shares of Alphabet Inc. Cl A fell 0.51% as the stock market experienced a dismal trading session, although it outperformed some of its competitors.
Microsoft's shares have outperformed Apple's as investors see better growth prospects and less China risk, making some analysts believe that Microsoft may overtake Apple as the world's highest-valued company.
Starbucks Corp. shares dropped by 2.16% as the stock market took a hit, resulting in their third consecutive day of losses.
Berkshire Hathaway CEO Warren Buffett owns a sizable stake in Microsoft through a secret portfolio, and several factors suggest that investing in Microsoft stock now could be a good choice, including its broad customer base, rock-solid balance sheet, growing dividend, and its positioning in the artificial intelligence market.
AMD's shares rose 5% after Microsoft's chief technology officer praised the chipmaker's progress in artificial intelligence, sparking competition with Nvidia, which currently dominates the market.
Shares of Tesla Inc. rose 2.44% as the stock market had a favorable trading session, snapping a two-day losing streak.
Summary: Analysts believe that there is further room for gains in Microsoft's stock due to investors' enthusiasm for artificial intelligence.
Microsoft is emerging as a top contender in the AI market according to analysts, with its strong position in generative AI, cybersecurity, and cloud operations, and is considered a strong buy with an average price target of $397.19.
