Microsoft’s stock (MSFT) price on the NASDAQ exchange today closed at a multi-year high of $44.08 per share – up 3.84% on the day.
Why such jump for the Redmond tech giant’s stock price, and why today?
One of the reasons is due to the widely speculated rumour in which Microsoft announce the layoffs of close to 6,000 employees this week, and therefore cut some operating cost – investors like the sound of that.
Microsoft is laying off more employees, a new round after they cut thousands last year. It seems like many big tech companies are doing the same.
Amidst the AI frenzy of 2023, major players like Google, Microsoft, and Meta are in the spotlight, launching their own generative AI systems.
Microsoft has made it easy for iPhone users to check their mobile updates on Windows-enabled computers.