(NASDAQ: MSFT) has rewarded investors handsomely in the past year with impressive gains of 55%. Even better, the tech giant's latest results indicate that it could sustain its impressive rally going forward. What's sparked this heightened investor enthusiasm? Microsoft has a solid growth driver in the form of artificial intelligence (AI) pushing it higher.

Microsoft stock did see a dip in its stock price following the release of the company's fiscal 2024 second-quarter results on Jan. 30. It seems investors had some concern about an increase in its operating expenses. What those investors seemed to ignore however is that Microsoft's fiscal Q2 revenue jump was the fastest since 2022.

Let's take a closer look at the factors that have led to an acceleration in Microsoft's growth and check how much upside this "Magnificent Seven" stock could deliver over the next three years.

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Source Fool.com