By Joe Tenebruso, The Motley Fool
Publication Date: 2026-04-16 01:45:00
Shares of Microsoft (NASDAQ: MSFT) climbed on Wednesday, furthering the tech titan’s recent rally.
By the close of trading, Microsoft’s stock price was up more than 4%.
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Microsoft, along with many other software stocks, was down sharply from its 52-week high prior to its recent gains.
Fears that artificial intelligence (AI) would displace traditional software, along with concerns regarding the cloud computing provider’s rapidly growing capital expenditures and reliance on the unprofitable OpenAI for an uncomfortably large portion of its backlog, combined to drive Microsoft’s shares more than 30% lower.
Yet Microsoft’s share price may have already bottomed. The popular tech stock is up about 15% since its lows…
