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Microsoft Soars as AI Shifts to Software | Business and Finance News
Published 8 hours ago
Description
Microsoft’s stock surged 3% as investors pivot from AI chip stocks to AI software providers, fueled by a major new long-term deal — even as the broader market dips. Despite a 20.5% year-to-date decline, this shift could signal a major turnaround for Microsoft, with software gaining momentum as chip stocks cool.
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