Why Microsoft Stock Rose Today

Microsoft (NASDAQ: MSFT) stock gained ground today even as a substantial number of other leading artificial intelligence (AI) stocks suffered sell-offs. The company's share price climbed 5.2% in the daily session. Meanwhile, the S&P 500 traded roughly flat in the session, and the Nasdaq Composite ended the day's trading down 0.7%.

Investors appear to be reducing exposure to AI chip stocks and increasing holdings in top software players, and that's had a positive impact on Microsoft's valuation. For a bit of additional perspective, the stock is still down roughly 23% year to date even after today's rally.

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The AI chip stock trade has been losing some steam recently, but that doesn't mean that investors are entirely giving up on artificial intelligence plays. Instead, money that had been invested in leading semiconductor stocks appears to be shifting into top software names.

Big gains for AI hardware leaders acro

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/why-microsoft-stock-rose-today-225901100.html)