Microsoft Shares Hit $432.92 (+2%) on $18B Australia AI Expansion Pledge

Microsoft shares rose 2.07% to $432.92 amid an $18 billion (A$25 billion) investment pledge through 2029 to boost Australia's AI infrastructure. The April 22 announcement detailed over 140% Azure capacity growth, training for 3 million in AI by 2028, and cybersecurity partnerships, building on a prior A$5 billion commitment across 29 data centers. April 23 updates from CEO Satya Nadella and PM Anthony Albanese emphasized APAC positioning, countering recent share weakness and fueling bullish sentiment for cloud and AI growth.