Microsoft shares trade near $515 on October 2, 2026, amid continued momentum from fiscal Q4 results that showed 18% revenue growth to $90 billion, Azure and cloud services expanding at a 43% pace, and paid Copilot seats reaching 30 million. Strong commercial bookings and Microsoft Cloud revenue of $59.3 billion underscore accelerating AI demand, supporting the stock’s 37.5% quarterly advance and recent analyst target lifts such as Wells Fargo’s $725. With the next earnings release set for October 28, trader focus centers on whether sustained cloud growth and Copilot monetization can maintain the post-July rally while macro factors like Treasury yields and sector rotation influence intraday closes.