What's Going On With Microsoft Stock?

Microsoft Corporation (NASDAQ:MSFT) shares are trading higher Wednesday. There are new reports regarding the company’s artificial intelligence developments and Microsoft’s investment in OpenAI in recent days.

What To Know:

Microsoft announced through a post on its Quantum blog that the Microsoft Quantum team used advanced AI to screen over 32 million candidates to discover and synthesize a new material that may help produce better batteries.

“Finding a material among those candidates with the right properties for the task, in this case for a new solid-state battery electrolyte, is like finding a needle in a haystack,” said Dr. Nathan Baker, Product Leader, Azure Quantum Elements, Microsoft.

In other Microsoft AI news, the company will be adding an AI-driven “Cowriter” feature in its Notepad application in Windows 11, according to a report from The Verge.

The European Commission is conducting a broad investigation into the generative-AI and virtual markets and has taken an interest in Microsoft’s $16 billion investment in OpenAI. The EC said in a statement on Tuesday that it is "checking whether Microsoft's investment in OpenAI might be reviewable under the EU Merger Regulation," though it is not an official investigation into Microsoft.

According to data from Benzinga Pro, Microsoft shares are trading above the stock’s 50-day moving average of $368.39 and near its 52-week high of $384.30.

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MSFT Price Action: According to Benzinga Pro, Microsoft shares are up 2% at $383.03 at the time of publication.

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