April 24, 2024

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Microsoft shares rise in AI-enabled PCs, Copilot News

Microsoft shares rise in AI-enabled PCs, Copilot News

Software giant Microsoft (MSFT) On Thursday, it rolled out its first AI-powered personal computers and promoted Copilot's AI services at a digital event that heralded a “new era of business.” Microsoft shares rose to a record high on the news.




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The Redmond, Washington-based company has unveiled the Surface Pro 10 for Business and Surface Laptop 6 for Business. Surface Pro is a convertible notebook tablet while Surface Laptop is a traditional laptop. Both will be available in April.

The new devices come with features that business customers have been asking for, Nancy Gaskill, general manager of Microsoft's Surface business, said in a press release. Blog post. These features include improved performance and battery life, more ports, better security, and anti-reflective screens. They also have a dedicated co-pilot button to access the AI ‚Äč‚Äčassistant.

New computers are powered by the latest hardware Intel Corporation (you are KUltra Core processors. These chips contain integrated neural processing units to run artificial intelligence experiments, Gaskill said.

Microsoft shares hit 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, which targeted customers and business partners, Microsoft also provided an update on its progress on Copilot AI services. The company introduced Copilot for Microsoft 365 one year ago.

Copilot saves workers up to 10 hours a month, according to internal research, said Jared Spataro, Microsoft's vice president of modern work and business applications. Blog post. Copilot for Microsoft Productivity Apps provides shortcuts, suggestions, and reveals useful information for workers.

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Common Copilot uses include summarizing emails and meetings and automating tasks, he said.

Microsoft stock is on two lists of IBD stocks: Long-Term Leaders and Technology 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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