Why Microsoft Stock Rallied 57% in 2023
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
Microsoft Corp. Stock
€376.65
-0.280%
The stock is one of the favorites of our community with 113 Buy predictions and 3 Sell predictions.
With a target price of 424 € there is a slightly positive potential of 12.57% for Microsoft Corp. compared to the current price of 376.65 €.
