Microsoft Stock Rises On AI PCs, Copilot News
Software giant Microsoft (MSFT) on Thursday introduced its first AI PCs and promoted its Copilot artificial intelligence services at a digital event that proclaimed a “new era of work.” Microsoft stock popped to a record high on the news.
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The Redmond, Wash.-based company unveiled the Surface Pro 10 for Business and Surface Laptop 6 for Business. The Surface Pro is a convertible tablet-notebook computer while the Surface Laptop is a traditional notebook PC. Both will be available in April.
The new devices come with features that business customers have been requesting, Nancie Gaskill, general manager of Microsoft’s Surface business, said in a blog post. Those features include improved performance and battery life, more ports, better security and anti-reflective displays. They also have a dedicated Copilot button for accessing the AI assistant.
The new PCs are powered by the latest Intel (INTC) Core Ultra processors. Those chips have integrated neural processing units to power AI experiences, Gaskill said.
Microsoft Stock Notches Record High
On the stock market today, Microsoft stock rose 1% to close at 429.37. Earlier in the session, it reached an all-time high of 430.82.
At the event, targeted to commercial customers and partners, Microsoft also gave an update on its progress with Copilot AI services. The company introduced Copilot for Microsoft 365 one year ago.
Copilot has been saving workers as much as 10 hours a month, according to internal research, said Jared Spataro, Microsoft corporate vice president for modern work and business applications, in a blog post. Copilot for Microsoft’s productivity applications provides shortcuts and suggestions and exposes useful information for workers.
Popular Copilot uses include summarizing emails and meetings and automating tasks, he said.
Microsoft stock is on two IBD stock lists: Long-Term Leaders and Tech Leaders.
Follow Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.
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