25.03.2020 MSFT Daily Analysis

25.03.2020 MSFT Daily Analysis

MSFT 's currently trading at $148.33 (+9.09%). On Tuesday, the stock market recovered because of the expectation that US policymakers will announce a rescue package to help the country`s economy. The US Congress had stated that they were close to closing a deal on a stimulus package of $2 trillion to ease the impact of Covid-19 on the economy. Today, the White House and Congress reached an agreement on the $2 trillion stimulus deal. This is the largest rescue package in US history. They are set to vote later today. MSFT CEO Satya Nadella, in an interview, said that the hardware supply chain, which had been disrupted by a coronavirus in China, is coming back online. The majority of MSFT`s production is done in China and since China has been on lockdown for 3 months, this affected the supply chain of major tech companies such as MSFT. However, China has lifted the lockdown and factories have opened so the supply chain will be back on track soon. Now the demand in the US and Europe is in question since they are now on lockdown due to the novel coronavirus. MSFT has partnered with the World Health Organization (WHO), Facebook, Twitter, and other big tech companies to promote the development of software to take on challenges in relation to the coronavirus pandemic. They are calling it the #BuildforCOVID19 hackathon. Facebook CEO Mark Zuckerberg said, “ Facebook features like Blood Donations and Crisis Response was first built during hackathons and are now used by millions of people worldwide. I’m hopeful that some useful prototypes and ideas will come out of this one as well.” The hackathon is accepting project submissions from software developers and will announce the top projects on 3 April.