Fortune· 2h ago· 1 min read
Microsoft stock prices surged as much as 17% on Thursday to above $455, the largest single-day gain in nearly 20 years.
The resurgence followed the tech giant’s 2026 fiscal year fourth-quarter results on Wednesday, which appeared to finally convince investors that CEO Satya Nadella and chief financial officer Amy Hood’s strategy for converting an estimated $190 billion AI spending this year into rising revenue growth is bearing fruit.
Microsoft went into earnings this week with its stock down nearly 30% from an October 2025 high of $555, depressed by months of investor funk about ephemeral returns in the AI sector following a massive investment in a buildout now expected to exceed $850 billion across the hyperscalers and cloud providers. The stock closed at $390.54 on Wednesday, and then briefly hit $456 in afternoon trading Thursday, adding about $483 billion in market value during…
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