Microsoft Shares Hit New High

Microsoft shares rose to a fresh record high as it agreed to work together with Micron Technologies (MU) on making the so-called Internet of Things, which is a network of connected devices more secure.

“The new solution utilizes a hardware ‘root of trust’ integrated into Micron’s flash memory in the IoT device along with the Microsoft Azure IoT cloud to establish a strong trusted link between that IoT device and the cloud,” Micron said in a statement on Monday. Microsoft climbed 1.2% and the new 52-week range is $48.04 to $67.49. Micron fell 2.2% to the lowest since mid-April.

By Caroline Williams