Stock price of microsoft the stock price of Microsoft advanced

The stock price of Microsoft advanced to $418.20, reflecting optimism in the tech-heavy Nasdaq rally. Earnings forecasts for FY2024 have been revised upward in analyst models, citing strong recurring revenues in Office 365 and Azure. Demand for AI semiconductors and other high-performance chips pushed TSMC's revenue up 44% year over year in the second quarter. Its competitive lead allows it to earn a high net margin of over 42%. Microsoft has shattered the $500 mark by proving that even a tech giant can thrive with not one, but many CEOs steering its vast empire. The stock price of Microsoft ended at $417.40 after a session marked by sector-wide tech rallies. Data from ETF flows show a consistent build in exposure to large-cap tech, adding liquidity and price support to Microsoft shares over the medium term.