Microsoft Stock Surges 7.6% Amid Tech Rally
Microsoft Stock Surges 7.6% Amid Tech Rally

Microsoft Stock Surges 7.6% Amid Tech Rally

News summary

Microsoft's stock soared over 7.6% on May 1, marking one of its strongest single-day performances in recent history and significantly outpacing the broader market. The tech giant closed at $425.40, up $30.14 from the previous session, and extended its gains slightly in after-hours trading to $426.94, reflecting continued investor optimism. Robust intraday trading saw the stock reach a high of $436.99 before settling well above its previous close of $395.26. Microsoft's market capitalization now stands at $3.16 trillion, underlining its status as one of the world's most valuable companies, and its P/E ratio of 32.88 signals strong confidence in future earnings. The rally contributed to a broader tech sector upswing, with other major technology stocks also posting gains, though Microsoft led the charge by adding $224 billion to its market value. This performance positions Microsoft further above its 52-week low and demonstrates its resilience and appeal to both growth and income-focused investors.

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