The shares of Microsoft Corporation traded with gains on Friday, hitting a fresh all-time high, with the latest news surrounding the company seemingly boosting sentiment, Ednews reports variety.
In the first quarter of its fiscal 2024, the tech giant's revenue beat estimates surging 13% on an annual level and standing at $56.5 billion. Meanwhile, Microsoft-funded OpenAI revealed its latest version of GPT-4, the GPT-4 Turbo model, which is seen as "more capable" and "cheaper."
After briefly reaching a price of $367.37 per share, the tech firm's stock jumped 1.74% at 11:24 am ET, going for $366.84 apiece. Year to date, Microsoft's stock skyrocketed 52.94%.