Microsoft Corp MSFT shares are trading higher by 3.53% to $324.93 Thursday afternoon. Shares of several tech companies are trading higher in sympathy with NVIDIA after the company reported strong first-quarter results and guidance.
On Thursday morning, Microsoft shares reached a new 52-week high of $325.59, reflecting significant momentum in the year 2023 and an impressive year-to-date increase of 35.70%. Recent strength can be attributed to the company reporting better-than-expected third-quarter results in April.
See Also: Microsoft Blames Chinese Hackers for Spying on Critical American Infrastructure and Guam
What Happened With NVIDIA Earnings?
Santa Clara, California-based Nvidia’s first-quarter earnings came in at $1.09 per share, ahead of the consensus estimate of 92 cents per share.
First-quarter revenue came in at $7.19 billion, also exceeding the Street estimate of $6.52 billion.
In late February, Nvidia guided to revenue of $6.5 billion plus or minus 2%, which translates to a range of $6.37 billion to $6.63 billion...Read More
According to data from Benzinga Pro, MSFT has a 52-week high of $325.59 and a 52-week low of $213.43.
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