MSFT Analysis: New All-time High

Yesterday, Microsoft's share price exceeded USD 375 for the first time ever. This happened against the backdrop of news about the company’s activities, which was favorably received by investors:

→ Microsoft introduced its own Maia 100 chip for cloud computing and AI programs that create content. The company is also testing Maia 100 for Bing and Office.
→ The company also presented Cobalt — a server processor,
→ and more: new AI tools from the Copilot series. For example, Copilot for Azure is an AI assistant for clients of a cloud computing service that works in chat mode.

Expectations that the Fed will cut rates, which intensified following Tuesday's inflation news, is another factor contributing to the bullish sentiment in Microsoft shares.

The graph shows that:

→ the level of USD 350 per share, which served as resistance, has been broken. Now you can expect support from him;
→ an inverted head-and-shoulders formation remains below.
→ MSFT price is near the median line of the rising channel (shown in blue), where supply and demand tend to balance out, so some consolidation after the November rally looks in order.

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