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Why Microsoft Stock Rallied 57% in 2023

TheMotleyFool 
0 0 09.01.24
Why Microsoft Stock Rallied 57% in 2023Photo, wide shot, wide-angle lens, Artificial intelligence developer, sunset photo at golden hour, photo by Art Wolfe: https://img.theapi.app/temp/12e2798a-1095-4653-8f49-2a7aee633b4e.png
 

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).

Image source: Getty Images.

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Source Fool.com

Microsoft Corp. Stock

€411.95
-0.640%
The price for the Microsoft Corp. stock decreased slightly today. Compared to yesterday there is a change of -€2.650 (-0.640%).
With 150 Buy predictions and 4 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 500 € shows a positive potential of 21.37% compared to the current price of 411.95 € for Microsoft Corp..
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