What's Going On With Microsoft Shares

Microsoft Corp MSFT shares are trading higher by 1.5% to $332.03 during Wednesday's after-hours session amid broader tech sector strength. Shares of several tech stocks are trading higher in sympathy with NVIDIA, which reported strong second-quarter financial results and third-quarter guidance.

Microsoft is heavily invested in AI technologies across its product ecosystem, including cloud services, Azure AI and machine learning tools. Positive financial results from NVIDIA, a leader in AI hardware and solutions, could reflect a growing demand for AI technologies.

This, in turn, might suggest increased adoption and integration of AI tools by companies like Microsoft, boosting investor confidence in Microsoft's AI-driven initiatives.

Additionally, NVIDIA's hardware, like GPUs tailored for AI tasks, forms a crucial part of the infrastructure that powers AI solutions. Microsoft's AI initiatives also rely on similar infrastructure.

Positive results from NVIDIA could indicate a flourishing market for AI-related hardware, suggesting continued demand for technology that underpins Microsoft's AI ambitions.

See Also: Elon Musk Says Cybertruck Is Tesla's 'Best Product Ever'

What's Going On With Nvidia?

NVIDIA did not disappoint investors Wednesday with second-quarter earnings that are well ahead of expectations thanks to the strong momentum imparted by its positioning in hot-and-happening artificial intelligence technology.

Reflecting the strength, Data Center revenue rose to a record and accounted for roughly two-thirds of the total. The company issued third-quarter revenue guidance of $16 billion, more than $3 billion above what the Street was expecting...Read More

According to data from Benzinga Pro, MSFT has a 52-week high of $366.78 and a 52-week low of $213.43.