Date: November 13, 2025
Microsoft (NASDAQ: MSFT) shares were little changed early Thursday, quoted around $511.14 with a market capitalization near $3.85 trillion as of 11:57 UTC. The latest read leaves the stock broadly stable while investors digest a fresh round of AI‑hardware headlines and keep one eye on today’s U.S. macro releases.
Price snapshot and setup
- Last trade: $511.14 (11:57 UTC)
- Change vs. prior close: roughly +0.5%
- P/E (ttm): ~36.7
Those levels come amid a quiet tape ahead of the U.S. Producer Price Index and retail sales at 8:30 a.m. ET, events that can sway Big Tech given their sensitivity to rates and growth expectations. MarketWatch
What’s moving Microsoft on November 13
1) Microsoft leans on OpenAI’s chip R&D to speed its own silicon
Microsoft plans to tap OpenAI’s custom AI‑chip work to inform its in‑house semiconductors—an explicit theme since the companies reworked their partnership this fall. CEO Satya Nadella said Microsoft gets access to OpenAI’s system‑level innovations, which the company will first run for OpenAI and then extend to its own stack. That access sits alongside model rights through 2032 under the revised agreement, per multiple reports. Investors see the approach as a way to close any gap with rivals pushing hard on bespoke AI silicon. Bloomberg
2) Power and sustainability questions loom over AI build‑out
A parallel thread today: a Bloomberg feature highlights how escalating power needs for AI data centers are testing Big Tech’s climate pledges—Microsoft included—adding another lens on capex and margins. For MSFT holders, the piece underscores that the physical constraints of energy and grid access can be as material as chip supply in the near term. Bloomberg
3) Longer‑dated expansion headlines still in the mix
While not new today, this week’s flow continues to include Microsoft’s plan to invest about $10 billion in AI infrastructure in Portugal’s Sines—one of Europe’s largest AI projects—adding to the company’s global footprint. Separately, earlier this month Microsoft signed a $9.7 billion GPU‑cloud contract with IREN, reinforcing the scale of AI capacity it is lining up. These deals contribute to the stock’s medium‑term capex narrative that investors continue to price. Reuters
The near‑term debate: growth vs. spending
Microsoft’s July–September (FY26 Q1) results two weeks ago beat expectations—revenue rose ~18% to $77.7B and profit ~22% to $30.8B—yet shares wobbled afterward as the company flagged nearly $35B in quarterly capital spending tied to AI infrastructure (roughly half on chips, much of the rest on data‑center real estate). That push remains the central trade‑off investors are weighing: Azure‑ and Copilot‑driven growth potential versus near‑term returns on massive AI build‑outs. AP News
Today’s secondary headlines (Nov 13) worth knowing
- OpenAI IP angle reiterated: Tech and business outlets continue to parse how the revised Microsoft–OpenAI pact expands Microsoft’s IP access around chip and systems designs, a detail that could accelerate internal silicon roadmaps (and diversify beyond third‑party GPUs over time). Bloomberg
- Ecosystem/partner news: A steady stream of Microsoft Partner of the Year announcements (e.g., NTT DATA; Sulava/The Digital Neighborhood) hit the wires, useful as indicators of enterprise momentum but not typically market‑moving by themselves. NTT DATA
- Quantum R&D footprint: Niche coverage today notes Microsoft’s Denmark quantum lab expansion focused on topological qubits. It’s a long‑horizon bet, but it signals continued investment beyond near‑term AI workloads. The Quantum Insider
What to watch for the rest of the day
- Macro prints at 8:30 a.m. ET:PPI and retail sales—hotter data could pressure longer‑duration equities; cooler could do the opposite. MarketWatch
- Follow‑through on the chip story: Any additional color from Microsoft or OpenAI about timelines for custom parts (or procurement mix vs. Nvidia/AMD) would be stock‑relevant, given the read‑through to supply, gross margins, and Azure capacity. Bloomberg
Bottom line for Nov 13, 2025
MSFT is flat to slightly positive around $511 as the market digests fresh confirmation that Microsoft will leverage OpenAI’s chip design work while continuing a capital‑intensive AI build‑out. Near‑term performance likely hinges on today’s U.S. data and any incremental detail on silicon roadmaps and energy constraints—two pillars that increasingly define the AI trade for Microsoft. Bloomberg
Disclosure: This article is for information only and does not constitute investment advice.
