Microsoft will put its reputation as one of the key stocks in the market rally and in the AI race to the test with its latest quarterly report, due out after the bell on Thursday. Shares of the tech giant are holding on to a nearly 5% year to date, though they have slumped more than 7% so far in April.
mountain Shares of Microsoft were up more than 7% for the year through April 24. Investors will be looking to see if Microsoft's report can restart the rally, but the bar for success might be high. After the company reported its fiscal second-quarter results in January, the stock fell more than 2% in the next session despite a beat on the top and bottom lines.
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