The Coronavirus was a globalwide epidemic that put millions of companies out of business. When the pandemic triggered lockdowns in the US, the Dow Jones Industrial Average dropped a thousand points in a month. Although the market has since recovered and registered new highs, many analysts have pointed out that the Dow’s new levels are due to a handful of companies out of the Dow 30 skewing the overall numbers, and thus misrepresenting the health of the general economy. This manipulation of data critique is not unlike the way the current administration is blurring employment statistics by counting thousands of part-time jobs in its totals to project the narrative of a healthier labor environment than what the market is actually experiencing.
Among that handful of companies, Microsoft (”.
Stepping Into The AI Universe
Artificial Intelligence is what has provided the extra horsepower for Microsoft’s continued stock appreciation. Microsoft laid the initial foundation when it acquired exclusive rights to OpenAI’s GPT-3 AI language generator on September 22, 2020. CEO Satya Nadella strategically acquired speech recognition and AI software company Nuance Communications seven months later, and the Microsoft AI path was underway.
Microsoft’s $13 billion investments in OpenAI for ChatGPT applications on its Azure cloud computing platform has been a runaway hit, with Azure AI literally exploding with new subscriptions that will likely fuel additional developments to incorporate Windows 365 in future cloud-based configurations.
Microsoft’s Four Year Stock Performance
The bottom of the stock market came on March 23, 2020 and since then Microsoft is up 212% while the S&P 500 is 148%. If you purchased $10,000 of Microsoft stock at the bottom of the covid crash, you would have $31,230 today compared to $24,800 if invested is the broad market.
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The post This Is How Much Microsoft Is Up Since the CoronaVirus Crash appeared first on 24/7 Wall St..
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Author: John Seetoo
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