Microsoft's Valuation Soars to $2.6 Trillion.

Microsoft's shares closed at a record high of $348.10 per share on Thursday, pushing the company's market capitalization to $2.59 trillion, thanks to market optimism about the prospects of artificial intelligence (AI). Microsoft is seen as a leader in the adoption of AI technology in the software industry, owing to its huge investment in OpenAI, the San Francisco-based startup that owns the widely popular chatbot ChatGPT.