Justin Sullivan/Getty
- Microsoft shares rallied Wednesday after its earnings beat Wall Street's targets.
- If the gains hold up, the tech giant could end the day with another $150 billion in market value.
- The ChatGPT investor said that AI has boosted its Azure and Bing businesses.
Microsoft stock jumped Wednesday after the tech giant revealed its AI offerings helped to boost sales of its cloud computing business over the past quarter.
The company's shares rose 7% to trade at around $295 as markets opened. If those gains holds firm to the closing bell, Microsoft would end the day having added another $140 billion to its market capitalization.