GameSpot may receive revenue from affiliate and advertising partnerships for sharing this content and from purchases through links.

Microsoft shares jump to five-year high

Xbox maker's stock value rises to highest level since 2008 as Xbox 720 looms on horizon.

214 Comments

Microsoft shares have jumped to a five-year high, despite Windows 8 reportedly seeing disappointing sales since launch in October.

No Caption Provided

Shares of the company closed Tuesday at $33.10, their highest level since 2008. At press time, the company's shares are trading slightly down at $32.85.

As GameSpot sister site CNET explains, Microsoft was at one point the most valued stock in the world, but has been seen by investors as having limited growth opportunity of late.

CNET points out that the company's recent stock revival can be attributed to the viability of its enterprise software and cloud services business. Microsoft's third-quarter earnings report revealed a $6.06 billion profit for the three months ended March 31.

Microsoft's bottom line may soon see a further jolt from new gaming hardware. The company is holding a May 21 event titled "Xbox: The Next Generation Revealed," where it is widely believed to announce its long rumored Xbox 360 successor.

Microsoft is not the only gaming company to win the favor of Wall Street. Last month, specialty retailer GameStop saw its share value rise to a three-year high.

Please use a html5 video capable browser to watch videos.
This video has an invalid file format.
00:00:00
Sorry, but you can't access this content!
Please enter your date of birth to view this video

By clicking 'enter', you agree to GameSpot's
Terms of Use and Privacy Policy

Got a news tip or want to contact us directly? Email news@gamespot.com

Join the conversation
There are 214 comments about this story