Shares of (NASDAQ: MSFT) charged sharply higher in 2023, soaring 57%, according to data provided by S&P Global Market Intelligence. The rally was in sharp contrast to Microsoft's performance in 2022 when the stock plunged 29%.

While the improving economic landscape no doubt helped fuel the rise, the biggest contributor to Microsoft's impressive gains was the game-changing rise of artificial intelligence (AI).

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Source Fool.com