
However, some tech stocks took the heat on Tuesday following the heightened talks about the inflation concerns.
Microsoft is a software corporation that develops, manufactures, licenses, supports, and sells a range of software products and services.
Founded back in 1975 by Bill Gates and Paul Allen, Microsoft Corporation is an American multinational technology company with headquarters in Redmond, Washington.
It develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and related services.
Being famous for its software products like the Microsoft Windows line of operating systems, Microsoft Office suite, Internet Explorer and Edge web browsers and Microsoft Azure, now American giant places strong focus on development of the new blockchain-based and IoT solutions.
Company’s most prominent blockchain-based solution called Azure Blockchain Workbench provides the scaffolding for an end-to-end blockchain application, while Azure IoT Hub allows for connection, monitoring and managing of billions of IoT assets.
However, some tech stocks took the heat on Tuesday following the heightened talks about the inflation concerns.
Owing to the expectations of strong economic recovery, the bond yields jumped 1.35% on Monday, with a total surge of 27 basis points so far in February. While stocks remained under pressure, the long-term effect of growing economic activity could be positive for Wall Street.
FAANG stocks are expected to continue with the 2020 rally as their demand prevails on the ground.