Microsoft shares closed nearly flat on Friday, July 10, 2026, up 0.19% at $385.10, after an environmental report showed total greenhouse-gas emissions rose 25% in fiscal 2025, mainly on new data centers for AI. The stock moved in a 2.7% band and finished 1.38% below last week’s close. Microsoft now trails the Nasdaq Composite, which climbed 1.7% this week, by roughly 3.1 percentage points. The company’s trailing P/E of 22.9 was 15.9% under the peer median of 27.2 in a selected cloud group including Alphabet, Amazon, and Oracle. Microsoft’s electricity use climbed 24%, and its reported emissions from purchased power soared 945%, tied largely to a switch in procurement away from renewable-energy certificates toward contracts aiming to add new clean power to grids. Microsoft said it hit a goal of buying renewable energy equal to all of its annual electricity use and, for the first time, put back more water worldwide than it took out. Separately, Britain brought Microsoft and three other cloud firms under financial sector supervision starting July 13, subjecting them to resilience tests and outage reporting. Microsoft’s stock dropped almost 23% in the first half, its biggest first-half loss since 2022, as the company laid out a $190 billion spending plan for 2026.