Key Points
Microsoft (NASDAQ: MSFT) shares rose 3% to noon ET on Friday, despite a general decline in tech stocks, with the S&P 500 down 1.2% and the Nasdaq Composite off 1.4%. Earlier in the session, Microsoft’s price had increased by as much as 4.1%.
The rise follows news that Bill Ackman’s Pershing Square Capital Management purchased Microsoft shares while selling its position in Alphabet, citing Microsoft’s “highly compelling valuation” as a key reason for the purchase. Despite this positive movement, Microsoft remains down 13% in 2026 and 22% from its all-time high.
Investors continue to weigh Microsoft’s strong position in the AI market and cloud infrastructure services against concerns of disruption from competitors. Ackman emphasized the firm’s durability and potential for long-term success, despite recent volatility in its Copilot software offerings.
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