Tech giant Microsoft hit a major financial milestone on Tuesday as its shares closed at an all-time record high of $543.45. This historic peak marks an extraordinary reversal for the software provider, whose stock has skyrocketed over 54% from its recent June low, adding a staggering $1.4 trillion in market value. Wall Street’s confidence has been fully restored following stellar cloud computing revenues, convincing 68 out of 72 tracking analysts to issue a definitive “Buy” rating on the stock as the company successfully capitalizes on enterprise AI services.
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