Microsoft shares opened September 28, 2026, near $505–510 after closing at $516.17 on September 25—their highest level since November 2025—reflecting a sharp rebound from June lows. Azure revenue growth accelerated to 43% in fiscal Q4 2026, exceeding estimates, while paid Copilot seats reached 30 million and overall fiscal 2026 earnings rose 31% to $17.95 per share. Traders are pricing in sustained AI-driven demand amid analyst upgrades, with consensus price targets near $576 and forward multiples around 26x. The next quarterly report, due October 28, and ongoing capital spending trajectory remain key near-term catalysts influencing intraday closes.