On June 1, Microsoft rose 3.25% overnight, trading at $464.37/share, with trading volume of $16.04 million. The stock continued its upward trajectory ahead of the annual Build developer conference in San Francisco, where the company is set to unveil a suite of homegrown AI models.
According to reports citing sources familiar with the plans, Microsoft will release a dedicated coding model designed to boost the competitiveness of GitHub Copilot, which has been losing market share to rivals such as Cursor and Claude Code. The company also plans to introduce multiple models of varying parameter sizes, specializing in transcription, reasoning, speech processing, and image generation. These new models build on earlier self-developed versions previewed earlier this year, marking an acceleration of Microsoft's independent AI development strategy following the renegotiation of its partnership agreement with OpenAI in April.
Within the Systems Software sector, Oracle rose 2.73%, ServiceNow rose 8.13%, NEBIUS rose 3.86%, Palo Alto Networks rose 0.82%, and CrowdStrike fell 0.23%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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