Is Microsoft (MSFT) the juggernaut you should not miss out on? Recent performances and strategic executions suggest a resounding “yes!”
As of August 8, 2024, Microsoft’s stock has skyrocketed by an impressive 1.64%. That’s right, folks—the market is buzzing. A trading volume of 22,864,301 shares accentuates the ramped-up investor interest.
Curious about what the analysts have to say? Current ratings paint a promising picture of Microsoft’s solid footing and growth potential. Historical prices further amplify the narrative of its consistent upward trajectory.
Good news for shareholders—Microsoft has declared a cash dividend of 0.75 with an ex-date set for August 15, 2024. Talk about lucrative returns!
But that’s not all. Microsoft’s strategic investment in artificial intelligence is proving to be a game-changer. Bing, for instance, has surged to over 140 million daily active users. This transformative edge positions Microsoft far ahead of Alphabet’s Google in the AI race, capitalizing on their competitor’s slow response.
The broader market context is equally compelling. The ongoing earnings season has been kind to tech giants like Alphabet, lifting market sentiments. Despite a few choppy waters with Nasdaq and the S&P 500 dipping below their 50-day lines, investor optimism remains unwavering.
Microsoft’s prudent investments in artificial intelligence led to gains in several categories.
Parkev Tatevosian, finance professor and Fool.com contributor
Key Data Points for Microsoft (MSFT):
| Data | Value |
|---|---|
| Stock Price | $444.85 |
| Open | $440.22 |
| Day’s Range | $437.15 – $441.45 |
| 52 Week Range | $309.45 – $468.35 |
| Volume | 22,864,301 shares |
| Market Cap | $3.263T |
| Beta (5Y Monthly) | 0.89 |
| PE Ratio (TTM) | 38.11 |
| EPS (TTM) | $11.52 |
| Earnings Date | July 30, 2024 |
| Forward Dividend & Yield | $3.00 (0.67%) |
| Ex-Dividend Date | August 15, 2024 |
| 1y Target Est | $494.62 |
