Weekly Special Report: MICROSOFT (#MICROSOFT)

THE COMPANY:

• Microsoft is one of the world’s largest technological companies, focused on software, cloud computing, artificial intelligence, and enterprise solutions. Its core products include Windows, Office, Azure, and a rapidly expanding AI ecosystem, including Copilot.
• CLOUD COMPUTING AT THE CORE (AZURE): Microsoft Azure is one of the world’s top three cloud platforms, ranking second with around 20% global market share, behind AWS in first place and ahead of Google Cloud in third. Azure is a key growth driver for Microsoft, supported by strong demand for cloud infrastructure, data storage, and AI-related services.
• STOCK INDEX PARTICIPATION: Microsoft stock belongs to the three most important U.S. stock indices, including the NASDAQ 100 (USA100), S&P 500 (USA500), and Dow Jones Industrial Average (USA30).

MICROSOFT WINDOWS & SURFACE EVENT

• EVENT (OCTOBER 7): MICROSOFT TO PRESENT ITS NEXT GENERATION OF A.I. COMPUTERS. Microsoft will hold a major Windows and Surface event focused on bringing powerful AI directly into personal computers. Microsoft CEO Satya Nadella and NVIDIA CEO Jensen Huang will participate, with Microsoft expected to provide more details about its new Surface devices powered by NVIDIA’s RTX Spark technology.
• THE GOAL: RUN A.I. DIRECTLY ON YOUR COMPUTER, INSTEAD OF THE CLOUD. Today, many advanced AI tasks are processed in large external data centers, meaning information has to be sent over the internet, processed, and returned to the user. Microsoft and NVIDIA want more AI tasks to be processed directly on the computer itself, making AI potentially faster, more private and less dependent on an internet connection or expensive cloud computing.
• NVIDIA PROVIDES THE A.I. POWER, MICROSOFT BRINGS IT INTO WINDOWS. NVIDIA's new RTX Spark technology provides the computing power needed to run advanced AI directly on the computer, while Microsoft is integrating the technology deeply with Windows 11. Microsoft is also launching its own RTX Spark devices, the Surface Laptop Ultra and Surface RTX Spark Dev Box, while manufacturers including Dell, HP, Lenovo and ASUS are launching their own RTX Spark Windows computers.
• WHY IT MATTERS FOR MICROSOFT: Microsoft and NVIDIA are pushing Windows PCs toward much more powerful AI that can run directly on the computer, instead of relying entirely on the cloud. This could give businesses and consumers a stronger reason to upgrade to newer Windows PCs and increase demand for Microsoft’s AI services.

Source: Windows Central, PCMag, Microsoft

MICROSOFT: AI AND CLOUD EXPANSION

• RECORD $51.5B CLOUD REVENUE: In its Q2 2026 earnings, Microsoft announced quarterly Microsoft Cloud revenue hit a historic $51.5 billion, a massive 26% year over year increase driven by rapid AI adoption.
• U.S. CLOUD COMPUTING MARKET EXPECTED TO SURGE. According to Yahoo Finance, the U.S. cloud computing market is projected to grow from $221.7 billion in 2024 to $871.6 billion by 2033, driven by a 16.4% compound annual growth rate (CAGR).

Source: Reuters, Yahoo Finance, Microsoft, Investing

TECHNICAL ANALYSIS AND PRICE ACTION:

• SUPPORT AREA AT $480 - $450: Microsoft has rebounded strongly since June, rising around 44% from its June lows, and is now trading above $500. The $480–$450 area has acted as resistance in the past and as support in recent weeks, making it an important new support zone. Holding above this area could support further upside.
• THE STOCK HIT AN ALL-TIME HIGH OF $560.61 (July 31, 2025). The stock price currently trades around $506, which indicates an upside potential of around 11% to reach the previous all-time high. Although the price could fall, too.
• FORECASTS (Source: Bloomberg Terminal): JP Morgan: $550; Citi forecasts: $570; Goldman Sachs: $610; Morgan Stanley: $600; UBS: $510; Barclays: $545; RBC Capital: $640; Deutsche Bank: $550.

GRAPH (Weekly): November 2019 – September 2026

Please note that past performance does not guarantee future results

#MICROSOFT, September 30, 2026
Current Price:  506

Example of calculation based on weekly market trend for 1.00 Lot¹

1.  The above calculations are made based on 1.00 lot which is equivalent of 1000 units
2.  Calculations for exchange rate used as of 10:30 (GMT+1) 30/09/2026

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