To compete with Google, owned by Alphabet Inc., Microsoft started releasing several AI enhancements.
Microsoft’s prices increased 3.2 percent and closed at 348.10 dollars for each share.
The price of the stock, which has increased by more than 45 percent so far this year, hit its previous record close of 343.11 USD on November 19, 2021.
Additionally, on Thursday, the stock of Apple Inc. closed at a record high of 186.01 USD.
The increasing demand for Microsoft’s items is being driven by AI.
On June 5, the Microsoft 365 software suite, which includes Teams and Outlook, was unavailable for over two hours.
Beginning in early June 2023, Microsoft identified surges in traffic against some services that temporarily impacted availability.