30.03.2020 MSFT Daily Analysis

30.03.2020 MSFT Daily Analysis

MSFT is trading at $149.70 (-4.11%) as the whole stock market continues to suffer due to the increased number of coronavirus cases. Some European Union countries such as Spain, Italy, France, and Belgium have banned the short-selling of stocks as many investors were panic selling. MSFT has filed a patent application with the World Intellectual Property Organization (WIPO) for a crypto mining system powered by human activity. The patent application reads,  "Instead of massive computation work required by some conventional cryptocurrency systems, data generated based on the body can be a proof-of-work, and therefore, a user can solve the computationally difficult problem unconsciously." MSFT`s cloud services have seen a 775% increase in demand in the past weeks in regions under social distancing orders. MSFT team users have generated over 900 million meetings and calling minutes daily. The tech giant announced that it would prioritize cloud access for first responders and emergency services.