Microsoft Corp. shares traded at $372.74, down 2.67% in Tuesday’s session, with a latest reported market capitalization of about $3.59 trillion, according to Reuters market data. The move came during a broadly weaker trading day for technology stocks, as Reuters reported that U.S. markets finished lower amid concerns over geopolitical tensions and interest-rate uncertainty.
Key Insights
- Microsoft stock was last quoted at $372.74, down 2.67%, according to Reuters market data.
- Reuters reported on Tuesday that Microsoft agreed to rent a Texas data-center project that was originally being developed for Oracle and OpenAI.
- Microsoft said in its most recent earnings release that fiscal second-quarter revenue was $81.3 billion, up 17% year over year.
- The company reported Azure and other cloud services revenue up 39% in the quarter, while Microsoft Cloud revenue reached $51.5 billion.
- Microsoft announced a quarterly dividend of $0.91 per share on March 10, payable June 11, 2026, to shareholders of record on May 21, 2026.
- Reuters reported in January that Microsoft stock fell 10% after earnings, as investors focused on cloud growth and heavy AI spending.
Microsoft Shares Trade Lower
Microsoft stock was under pressure in Tuesday’s session as broader market weakness hit technology shares. Reuters reported that the Nasdaq fell 0.84% and that tech shares declined as investors reassessed interest-rate expectations and geopolitical risks. Microsoft was among the large-cap names moving lower on the day.
The Reuters market quote placed Microsoft at $372.74 with an intraday high of $385.78 and an intraday low of $371.95. The same data showed an opening price of $382.47 and intraday volume of more than 42.1 million shares.
Reports Texas Data-Center Agreement
Reuters reported on Tuesday that Microsoft agreed to rent a Texas data-center project that had originally been developed for Oracle and OpenAI. According to the report, the Abilene site has roughly 700 megawatts of capacity and sits next to Oracle and OpenAI’s Stargate campus. Reuters said Microsoft struck the agreement with developer Crusoe after Oracle and OpenAI walked away from talks to occupy the site.
Reuters also reported that a Microsoft spokesperson said the company had nothing to share about the matter. Oracle and Crusoe did not immediately respond to Reuters’ requests for comment, and a source familiar with the matter told Reuters there were no changes to OpenAI’s existing agreements with Oracle.
The report comes as large technology companies continue to invest heavily in data-center infrastructure to support generative AI services such as ChatGPT and Copilot, which require substantial computing power, according to Reuters.
January Earnings Remain a Key Reference Point
Microsoft’s latest quarterly results, released on January 28, 2026, showed revenue of $81.3 billion, up 17% from a year earlier. Operating income rose 21% to $38.3 billion, while GAAP net income reached $38.5 billion and GAAP diluted earnings per share came in at $5.16. On a non-GAAP basis, net income was $30.9 billion and diluted EPS was $4.14.
The company said Microsoft Cloud revenue crossed $50 billion in the quarter and totaled $51.5 billion, up 26%. Microsoft also said commercial remaining performance obligation increased 110% to $625 billion.
Within the Intelligent Cloud segment, revenue was $32.9 billion, up 29%, and Azure and other cloud services revenue increased 39%. In More Personal Computing, revenue was $14.3 billion, down 3%.
Microsoft said in the earnings release that net income and diluted EPS included the impact of net gains from investments in OpenAI, which increased net income by $7.6 billion and diluted EPS by $1.02 in the quarter. The company also said Amy Hood, its chief financial officer, stated that Microsoft “exceeded expectations across revenue, operating income, and earnings per share.”
Dividend Update and Shareholder Returns
On March 10, Microsoft announced that its board declared a quarterly dividend of $0.91 per share. The company said the dividend is payable on June 11, 2026, to shareholders of record on May 21, 2026, with an ex-dividend date of May 21, 2026.
In the January earnings release, Microsoft said it returned $12.7 billion to shareholders in the second quarter of fiscal 2026 through dividends and share repurchases, up 32% from the same quarter a year earlier.
Prior Market Reaction After Earnings
Microsoft shares were hit sharply after the January earnings report. Reuters reported on January 29 that the stock fell 10%, wiping out more than $350 billion in market value, after the company’s cloud business failed to impress investors relative to expectations. Reuters said the market reaction reflected pressure on Microsoft to justify its capital spending on AI infrastructure.
Reuters added that Microsoft’s Azure cloud-computing growth was only slightly above expectations, while Meta’s results were more favorably received in the same earnings week. The report noted that investors were willing to tolerate higher AI spending when it translated into stronger growth.
Current Status
As of the latest Reuters quote on Tuesday, Microsoft stock was trading at $372.74, and the company continued to be in the market spotlight because of its latest earnings results, a new dividend declaration and Reuters’ report on the Texas data-center agreement. No company statement on the Texas arrangement was included in the Reuters report beyond Microsoft’s comment that it had nothing to share.
