Microsoft’s stock price reached an all-time high today, beating a
previous record set in 1999 (!) in the heat of the dot-com bubble.
Shares opened this morning at $60.31 — up 5 percent from
yesterday’s close — and reached $60.45 in morning trading before
Why is Microsoft setting share-price records in 2016?
Most importantly, investors seem to think its transformation under
CEO Satya Nadella — from a company that sells Windows and Office
licenses (often on discs and in cardboard boxes) to a company that
sells access to software and services in the cloud — is working.
Pretty good start for Satya Nadella.