Microsoft (MSFT) Stock Surges 6% With $564 Resistance Ahead

TLDR

• MSFT stock climbed 5.95% to $552 during trading on November 4, 2026.
• Microsoft’s fiscal first-quarter revenue increased 19% to $92.28 billion.
• The company’s net income rose 32% year over year to $36.63 billion.
• Azure revenue grew 48%, while Microsoft Cloud revenue reached $63.9 billion.
• Anthropic committed at least $44.9 billion to Microsoft cloud services through June 2033.

Microsoft (MSFT) stock rose 5.95% to $552 on Wednesday, November 4, as investors assessed Microsoft’s latest earnings and a long-term cloud agreement with Anthropic. Shares traded above key moving averages. The advance followed Microsoft’s October 28 fiscal first-quarter report. The technical outlook sets $563.62 as the upper end of its expected near-term range.

Microsoft Corporation, MSFT

MSFT Stock Gains Follow Strong Cloud Results

Microsoft reported revenue of $92.28 billion for the quarter ended September 30, up 19% from a year earlier. Net income rose 32% to $36.63 billion.

Azure revenue increased 48%, while Microsoft Cloud sales reached $63.9 billion. The company reported $677 billion in remaining commercial contracts and forecast Azure growth of 49% to 50% in constant currency next quarter.

Anthropic Agreement Adds Long-Term Cloud Commitments

Anthropic’s latest filing disclosed a commitment to spend at least $44.9 billion with Microsoft between November 2026 and June 2033. The minimum applies regardless of actual usage.

Anthropic and Microsoft signed the deal in 2025 and amended it in 2026. Anthropic is also expanding use of Claude in business software. A recent Claude security integration shows other companies building around its products, as reported by Blockonomi.

Microsoft said demand for Azure computing still exceeds available capacity. Its latest quarter included $45.2 billion in capital spending, with much of that directed toward chips and other equipment.

Technical Indicators Point to Near-Term Resistance

At $552, Microsoft traded above its 20-day average of $521 and 50-day average of $525.84. Its 200-day average stood at $438.46, keeping the longer-term price trend higher.

Demand for data centers also featured in Riot Platforms’ $28 billion AI lease, announced this week. Microsoft is also expanding computing capacity for customers.

The relative strength index, stochastic RSI, and commodity channel index showed overbought conditions in the supplied technical snapshot. MACD and ADX were neutral, while the Awesome Oscillator favored buyers.

Key Price Levels Shape Next Trading Sessions

The Kijun line stood at $528.44, below the $540.38 support level. The short-term technical range extends to $563.62, which serves as resistance if shares keep rising.

Trading above $563.62 would break that range. A drop below $540.38 would weaken the current setup. Neither outcome is certain over the next few sessions.

Meanwhile, OpenAI’s revised financing target has drawn attention to funding pressures across AI. Microsoft continues investing in infrastructure while serving customers developing and running artificial intelligence systems.

The next two to three trading days will show whether MSFT stock holds its gains above $552 or returns toward the lower part of the projected range.

The post Microsoft (MSFT) Stock Surges 6% With $564 Resistance Ahead appeared first on Blockonomi.