Microsoft Stock Rebounds Over 50%, Aiming for Record High

Microsoft's stock has rebounded over 50% from its June low, adding approximately $1.5 trillion to its market value, and is poised to hit a record closing high. The shares had plunged 17% in June amid investor concerns over returns on artificial intelligence spending. The turning point came on July 29, when earnings showed cloud business revenue growth at its fastest pace in four years, sending the stock up 16% the following day.