3 ways artificial intelligence could drive Microsoft stock past its record highs in 2024

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S&P 500 Index,Microsoft Corp,Technology

Shares of the tech giant surged to an all-time high Friday.

Microsoft kicked off the second half of 2024 with a bang, with shares hitting new closing highs on Monday and Tuesday, and an intraday high Friday. Better still: They have plenty more room to run. Investors have been drawn to Microsoft for its early leadership in the fast-growing artificial intelligence space. Year-to-date Microsoft stock is up roughly 24%, compared to the S & P 500's 15% advance.

Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024.kicked off the second half of 2024 with a bang, with shares hitting new closing highs on Monday and Tuesday, and an intraday high Friday. Better still: They have plenty more room to run.

 

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