Microsoft s shares closed up 3.2% at $348.10 per share on Thursday. The stock, which has gained more than 45% in the year to date, reached its prior record close of $343.11 on Nov. 19, 2021. The stock s intraday record high was $349.67 on Nov. 22, 2021.
Microsoft’s heavy investment into artificial intelligence (AI) appears to have paid off, as shares of Microsoft Corp soared to a record high, closing at $348.10 per share on Thursday. The company now boasts of a record market valuation of $2.59 trillion.
The shares fell about 4.1% in their biggest intraday percentage decline since October 2020. The day’s drop erased more than $100 billion off its market valuation. Even with the decline, however, Microsoft remains up more than 45% this year.