Microsoft Corporation (MSFT) Gains 21% Since Cramer Said Had “No Idea” If There Was Any Weakness

We recently published Jim Cramer’s 20 Bold AI Predictions – See How They Played Out! Microsoft Corporation (NASDAQ:MSFT) is one of the stocks Jim Cramer recently discussed.

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Microsoft Corporation (NASDAQ:MSFT), the world’s largest software company, is a key player in the AI industry. Its share price performance is also primarily driven by AI as the stock moves in tandem with investor expectations about the performance of its AI-centered cloud computing business. Microsoft Corporation (NASDAQ:MSFT)’s shares have gained 21% since Cramer’s October comments. All of these gains are due to a bullish run that kicked off in April and that has seen the stock gain 28% since then. The stock rose after Microsoft Corporation (NASDAQ:MSFT)’s March quarter revenue and earnings beat analyst estimates. Crucially, the shares have also risen as the firm has delivered growth with its Azure cloud computing business, which is also responsible for delivering AI services to businesses. Here is what Cramer said about Microsoft Corporation (NASDAQ:MSFT) in October 2024:

“Microsoft’s supposed to be hurt by weakening demand for its Copilot, with its Copilot being their AI assistant. I have no idea if there’s a real weakness here but there is chatter and that’s enough to send the stock down. That said, I think the bears need a lot more than chatter to keep it down.”

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Disclosure: None. This article is originally published at Insider Monkey.