May 3, 2023 1:28 PM | 2 min read
- Microsoft’s integration of the GPT chatbot into Bing has driven user engagement, with the daily user count surpassing 100 million.
- The company’s stock price has experienced significant growth, rallying 14% in March and gaining 7% in April, crossing the $300 psychological barrier.
- Investors should monitor Microsoft’s stock performance as it approaches last year’s high of $338 and the all-time high of $349.
Microsoft Corp (NASDAQ:MSFT) has experienced a roller coaster of news lately, with both wins and losses on the horizon.
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While UK regulators Competition and Markets Authority (CMA) blocked its proposed merger with Activision Blizzard due to competitive concerns in the cloud gaming space, Bing’s recent integration of chat GPT AI has brought in an influx of new users while its stock price soared past $300.
The CMA’s decision to intervene in the proposed merger between Microsoft and Activision Blizzard reflects its focused commitment to protecting consumers. By preserving competition within the cloud gaming market, they aim to ensure that players of all sizes receive a fair playing field.
Microsoft’s dedication to AI innovation has yielded remarkable success. The integration of GPT chatbot into Bing recently pushed their daily user count past an impressive 100 million milestone.
This demonstrates how integrating advanced AI capabilities can drastically enhance customer experience and drive engagement.
Microsoft’s recent stock price surge has been a pleasant surprise for investors, as March saw their shares rally 14%, and April gained an additional 7%, pushing past the $300 psychological round number.
Investors should keep a close watch on the trend to see if it can surpass last year’s high of $338 or even reach its unprecedented all-time peak at $349.
Following a period of consolidation since November 2021, investors have the potential to capitalize on Microsoft’s sustained success in the tech industry with an ensuing breakout.
This could lead to a long-term trend offering rewarding opportunities for those eager to get involved.
Microsoft’s bold experiments with the UK CMA and its AI-powered Bing are testaments to their commitment to innovation, even in times of regulatory complexity.
As they push the envelope in cloud gaming and artificial intelligence further still, savvy investors have a chance not only to be part of this journey, but they could also reap real financial rewards as stock prices climb alongside tech breakthroughs.
After the closing bell on Tuesday, May 2, the stock closed at $305.41, trading down by 0.07%.
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