Microsoft shares staged a sharp recovery in the final week of May 2026, closing near 442 after trading in the low-to-mid 410s earlier in the period, buoyed by robust fiscal third-quarter results released April 29 that showed 18% revenue growth to 82.9 billion dollars and adjusted EPS of 4.27, well above consensus. Microsoft Cloud revenue rose 29% to 54.5 billion dollars, with the AI annual run rate exceeding 37 billion dollars, underscoring sustained Azure momentum and Copilot adoption despite elevated data-center spending. Analyst price targets remain clustered near 560 to 590, reflecting optimism on long-term AI monetization, while the next earnings release is scheduled for July 29.