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Microsoft Rises 4%

Shares of Microsoft Corporation (MSFT) are climbing more than 4% Monday morning.

On Friday, Microsoft said it will sell its shareholding in AnyVision, an Israeli face recognition company after an audit on AnyVision was conducted by former U.S. Attorney General Eric Holder at Covington & Burling.

Microsoft has made changes to its investment policies to end minority investments in companies that sell facial recognition technology, being a sensitive one.

Separately, On Sunday, the company said in a blog post that its cloud services in the regions where the social distancing is enforced during the coronavirus pandemic, have seen an increase of 775 percent. This increased demand includes Microsoft Teams, Xbox, Windows Virtual Desktop, and Power BI.

Windows virtual desktop usage has grown more than 3 times and government use of public Power BI to share COVID-19 dashboards with citizens has surged by 42 percent in a week.

Microsoft said, it has started tweaking its cloud services accordingly.

MSFT is currently trading at $156.05. It has traded in the range of $116.96- $190.70 in the past 52-weeks.

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