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StonvexStonvexStonvexMicrosoft stock rose 5.45% to $450.24 after revealing its AI business achieved a $37 billion annual revenue run rate, signaling robust cloud growth and AI monetization. The company is developing proprietary AI models to manage costs while sustaining its OpenAI partnership.
Microsoft stock surged 5.45% to $450.24 after announcing its AI business reached a $37 billion annual revenue run rate, demonstrating strong cloud and software monetization. The company is also developing in-house AI models to control costs while maintaining its partnership with OpenAI. Meanwhile, peers Apple and Alphabet underperformed, with the broader S&P 500 and Nasdaq gaining modestly.
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