
Microsoft (NASDAQ:MSFT) stock is trending on Wednesday, backed by a strong year-to-date performance that saw its shares climb over 20%, significantly outperforming the NASDAQ Composite Index’s over 8% returns.
This momentum is attributed to robust growth in the company’s cloud and artificial intelligence (AI) divisions, with exclusive licensing deals and access to OpenAI’s models bolstering its Azure cloud business and pushing its market value closer to $4 trillion.