Microsoft Share Price Surges as $190 Billion AI Capex Commitment Fuels Growth

Microsoft's share price has broken above the $433.53 Fibonacci retracement level, reaching $452.35 as of June 2nd.

The stock is trading within an upward-sloping two-hour channel originating from the $409.58 lows and displaying strong bullish candles with an RSI nearing 79.

Microsoft's Q3 FY2026 earnings reported a revenue increase of 13% year-on-year, with Azure revenue growing by 31%, driven primarily by AI-based services.

The company has committed to spending nearly $190 billion on capital expenditures in calendar year 2026, mostly for data centers, GPU clusters, and AI infrastructure.