Microsoft Rebounds 5.7% to $372.97 After One-Year Low

Microsoft closed at $372.97 on June 29 after surging 5.7% on heavy volume, recovering from the $349.20 one-year low hit on June 26. The rebound follows ICON plc naming Microsoft its preferred AI partner on June 25 and Michael Burry's June 27 purchase of December 2028 $700-strike LEAP calls. Despite the recovery, analysts flag $190B in projected AI capex carrying a -9.3% ROI and potential 500bps EBIT margin pressure from depreciation, while technical resistance looms at $393.97.