Microsoft Corp. shares rose Thursday for a fifth consecutive day of gains and were on track for a record closing high as investors focused more on the tech giant’s artificial-intelligence roadmap and less on the stalled $69 billion acquisition of videogame publisher Activision Blizzard Inc.
Microsoft MSFT shares rose as much as 3%, holding near their intraday high of $346.78. Shares closed at a record $337.34 on Wednesday, following a 0.9% gain.
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