Microsoft Corp (NASDAQ:MSFT) stock gained almost 2% on Monday as buyers kept leaning into large-cap software leaders, even with Technology stocks broadly softer.
The Nasdaq is down 0.25% while the S&P 500 has gained 0.03%.
The big tech giant is moving to unlock more value from its cloud and AI infrastructure business by scaling its in-house Maia chip program and reducing dependence on costly Nvidia Corp (NASDAQ:NVDA) processors.
Microsoft Plans Maia 300 Launch Microsoft plans to unveil its new Maia 300 AI chip this fall, potentially as soon as next month, The Information reported on Monday, citing people with direct knowledge of the plans.
The Redmond, Washington-based company has discussed securing Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) capacity for more than 300,000 Maia 300 chips for delivery in 2027.
