The stock marked rose on Tuesday during a shortened Christmas Eve trading session to regain its back-to-back losses. S&P went up 1.1% to 6,040, while NASDAQ increased 1.4% to 20,031.
Tweet of the Day
Awesome Palantir commercial. $PLTR https://t.co/Q7c7y6zenl
— David Sharek (@GrowthStockGuy) December 15, 2024
Chart of the Day
Here is the ten-year chart of Microsoft (MSFT) as of November 19, 2024, when the stock was at $418.
Management stated in the earnings call that CAPEX growth would eventually slow while revenue accelerates to meet demand that is higher than available supply.
The partnership with OpenAI had been mutually beneficial, with Microsoft’s early investment helping OpenAI grow while driving innovations like GitHub Copilot and M365 Copilot. OpenAI’s demand for Azure infrastructure supported both companies and allowed Microsoft to serve more customers. Azure customers grew to 39,000 last quarter, an 80% increase year-on-year, while Copilot enterprise customers increased 55% quarter-over-quarter.
MSFT is part of our Conservative Growth Portfolio, and Growth Portfolio.