Microsoft and Nvidia unveil Surface Laptop Ultra with Grace Blackwell chip at San Francisco event
The Surface Laptop Ultra marks the first major Windows and Surface hardware update since May 2024, bringing on-device AI models up to 120 billion parameters to a consumer laptop.
Microsoft Corporation (MSFT) price
Full chart and statsLoading chart…
- Last close
- $531
- Close-to-close change
- −0.2%
- Market cap
- $3.9T (shares as of 2026-07-23)
- P/E (trailing)
- 29.6 (EPS to 2026-06-30)
- Annual revenue
- $331.8B USD (FY ended 2026-06-30) 10-K
- Annual revenue growth
- +17.8% (FY ended 2026-06-30 vs FY ended 2025-06-30) 10-K
- Annual net income
- 133,749,000,000 USD (FY ended 2026-06-30, attributable to the company) 10-K
- Annual operating margin
- 46.8% (FY ended 2026-06-30)
- Forward P/E
- Unavailable: no dated forecast source
Gloria daily close for session Oct 27, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.
Microsoft Corporation and its peers
| Company | Price | Market cap | P/E (trailing) | Forward P/E | Annual revenue (USD) | Annual revenue growth | Annual net income (USD) | Operating margin |
|---|---|---|---|---|---|---|---|---|
|
|
$531 | $3.9T | 29.6 | Unavailable | $331.8BFY ended 2026-06-30 · 10-K | +17.8%FY ended 2026-06-30 vs 2025-06-30 · 10-K | 133,749,000,000FY ended 2026-06-30, attributable to the company · 10-K | 46.8%FY ended 2026-06-30 |
|
|
$199 | $477.5B | 169.9 | Unavailable | $4.5BFY ended 2025-12-31 · 10-K | +56.2%FY ended 2025-12-31 vs 2024-12-31 · 10-K | 1,625,033,000FY ended 2025-12-31, attributable to the company · 10-K | 31.6%FY ended 2025-12-31 |
|
|
$131 | $394.7B | 20.5 | Unavailable | $67.4BFY ended 2026-05-31 · 10-K | +17.3%FY ended 2026-05-31 vs 2025-05-31 · 10-K | 17,087,000,000FY ended 2026-05-31, attributable to the company · 10-K | 30.6%FY ended 2026-05-31 |
|
|
$268 | $274.4B | Not meaningfulLoss, diluted EPS −0.45 to 2026-07-31 · SEC filing | Unavailable | $4.8BFY ended 2026-01-31 · 10-K | +21.7%FY ended 2026-01-31 vs 2025-01-31 · 10-K | −162,502,000FY ended 2026-01-31, attributable to the company · 10-K | −6.1%FY ended 2026-01-31 |
Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.
Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 27, 2026, 9:36 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.
Token vs underlying stock
Current comparison for MSFT. Historical observations may postdate this article.
MSFTx token unit vs MSFT share · USD
+6.9% over displayed period
● MSFTx token┄ MSFT stock: $531.33
Source: CoinGecko + Gloria · Retrieved Oct 28, 06:42 UTC
Methodology and data
Split-adjusted regular-session stock closes from the existing Gloria shared history, paired only with an observed token price within 45 minutes of 16:00 New York time. Up to 60 matched sessions. No interpolation or missing-date fill. Weekends and known early closes are omitted. Token units are not adjusted for issuer multipliers or dividend treatment. This compares quoted prices, not fair value, executable premiums or arbitrage returns. Solid line: token. Dashed line: stock. Exact quote times and values appear below. Historical observations. Retrieval refers to the token source. Token quote times use UTC. The fixed cohort shows its oldest member fetch.
| Date (UTC) | Token (USD) | Stock close (USD) | Token quote (UTC) |
|---|---|---|---|
| 2026-08-04 | 499.08 | 492.81 | 2026-08-04 20:00 |
| 2026-08-05 | 484.73 | 487.46 | 2026-08-05 20:00 |
| 2026-08-06 | 498.48 | 499.86 | 2026-08-06 20:00 |
| 2026-08-07 | 501.35 | 499.99 | 2026-08-07 20:00 |
| 2026-08-10 | 507.81 | 506.06 | 2026-08-10 20:00 |
| 2026-08-11 | 503.83 | 503.81 | 2026-08-11 20:00 |
| 2026-08-12 | 493.50 | 492.43 | 2026-08-12 20:00 |
| 2026-08-13 | 494.66 | 496.88 | 2026-08-13 20:00 |
| 2026-08-14 | 496.96 | 495.40 | 2026-08-14 20:00 |
| 2026-08-17 | 481.91 | 480.35 | 2026-08-17 20:00 |
| 2026-08-18 | 482.93 | 481.63 | 2026-08-18 20:00 |
| 2026-08-19 | 484.48 | 484.31 | 2026-08-19 20:00 |
| 2026-08-20 | 482.95 | 481.15 | 2026-08-20 20:00 |
| 2026-08-21 | 485.28 | 483.24 | 2026-08-21 20:00 |
| 2026-08-24 | 489.80 | 487.31 | 2026-08-24 20:00 |
| 2026-08-25 | 491.36 | 491.71 | 2026-08-25 20:00 |
| 2026-08-26 | 498.86 | 496.37 | 2026-08-26 20:00 |
| 2026-08-27 | 506.15 | 505.06 | 2026-08-27 20:00 |
| 2026-08-28 | 514.87 | 513.53 | 2026-08-28 20:00 |
| 2026-08-31 | 510.07 | 507.29 | 2026-08-31 20:00 |
| 2026-09-01 | 503.61 | 501.02 | 2026-09-01 20:00 |
| 2026-09-02 | 497.76 | 496.82 | 2026-09-02 20:00 |
| 2026-09-03 | 512.63 | 510.12 | 2026-09-03 20:00 |
| 2026-09-04 | 500.58 | 499.70 | 2026-09-04 20:00 |
| 2026-09-08 | 493.27 | 493.95 | 2026-09-08 20:00 |
| 2026-09-09 | 491.69 | 491.65 | 2026-09-09 20:00 |
| 2026-09-10 | 493.07 | 492.44 | 2026-09-10 20:00 |
| 2026-09-11 | 498.52 | 495.63 | 2026-09-11 20:00 |
| 2026-09-14 | 508.54 | 505.41 | 2026-09-14 20:00 |
| 2026-09-15 | 498.86 | 497.12 | 2026-09-15 20:00 |
| 2026-09-16 | 494.48 | 490.30 | 2026-09-16 20:00 |
| 2026-09-17 | 500.28 | 497.75 | 2026-09-17 20:00 |
| 2026-09-18 | 496.33 | 493.78 | 2026-09-18 20:00 |
| 2026-09-21 | 503.22 | 501.61 | 2026-09-21 20:00 |
| 2026-09-22 | 501.25 | 498.00 | 2026-09-22 20:00 |
| 2026-09-23 | 503.06 | 500.59 | 2026-09-23 20:00 |
| 2026-09-24 | 501.07 | 497.93 | 2026-09-24 20:00 |
| 2026-09-25 | 518.98 | 516.17 | 2026-09-25 20:00 |
| 2026-09-28 | 511.70 | 509.22 | 2026-09-28 20:00 |
| 2026-09-29 | 512.06 | 508.96 | 2026-09-29 20:00 |
| 2026-09-30 | 515.27 | 512.90 | 2026-09-30 20:00 |
| 2026-10-01 | 516.84 | 512.80 | 2026-10-01 20:00 |
| 2026-10-02 | 519.95 | 517.53 | 2026-10-02 20:00 |
| 2026-10-05 | 527.35 | 525.18 | 2026-10-05 20:00 |
| 2026-10-06 | 532.35 | 529.30 | 2026-10-06 20:00 |
| 2026-10-07 | 532.01 | 529.76 | 2026-10-07 20:00 |
| 2026-10-08 | 525.93 | 522.61 | 2026-10-08 20:00 |
| 2026-10-09 | 537.45 | 535.07 | 2026-10-09 20:00 |
| 2026-10-12 | 543.48 | 541.15 | 2026-10-12 20:00 |
| 2026-10-13 | 546.06 | 543.45 | 2026-10-13 20:00 |
| 2026-10-14 | 535.70 | 533.69 | 2026-10-14 20:00 |
| 2026-10-15 | 542.43 | 539.44 | 2026-10-15 20:00 |
| 2026-10-16 | 531.87 | 529.05 | 2026-10-16 20:00 |
| 2026-10-19 | 535.69 | 533.52 | 2026-10-19 20:00 |
| 2026-10-20 | 535.30 | 531.87 | 2026-10-20 20:00 |
| 2026-10-21 | 535.87 | 532.95 | 2026-10-21 20:00 |
| 2026-10-22 | 524.11 | 521.08 | 2026-10-22 20:00 |
| 2026-10-23 | 525.75 | 524.51 | 2026-10-23 20:00 |
| 2026-10-26 | 534.07 | 532.60 | 2026-10-26 20:00 |
| 2026-10-27 | 533.36 | 531.33 | 2026-10-27 20:00 |
Stock history: Gloria · Retrieved Oct 28, 00:31 UTC. Token history: CoinGecko MSFTx.
Quoted token and share units can have different rights, multipliers and dividend treatment. This is not an executable premium or arbitrage signal.
Microsoft and Nvidia took the stage in San Francisco on October 7 to introduce the Surface Laptop Ultra, a machine built around Nvidia’s RTX Spark platform and the Grace Blackwell superchip. The announcement marks the first significant refresh to Windows hardware and Surface devices since May 2024, and it arrived with both CEOs present: Satya Nadella and Jensen Huang sharing the spotlight.
The core pitch is straightforward: run serious AI workloads on the laptop itself, no cloud subscription required. That matters because cloud AI compute costs money every time you use it, and it sends your data somewhere else. A machine that handles the heavy lifting locally changes both the economics and the privacy calculus.
What’s actually inside this thing
The Surface Laptop Ultra ships with either an 18- or 20-core Grace CPU paired with a Blackwell GPU carrying up to 6,144 CUDA cores. Memory tops out at 128 GB of unified LPDDR5X, which is a spec you’d normally associate with a workstation, not a laptop you can carry onto a plane.
AI performance is rated at approximately 1 petaflop of FP4 compute. To put that in practical terms, it means the machine can run models with up to 120 billion parameters directly on-device, the kind of model scale that, until recently, required a data center.
The display is a 15-inch mini-LED PixelSense Ultra touchscreen with a peak brightness of 2,000 nits HDR and a 120 Hz refresh rate. The whole package comes in at under 4.5 pounds, which Microsoft is positioning as its most powerful Surface ever built.
AI, tech, and the markets they move—in one daily briefing.
Daily. Free. Join 34,000+ readers across crypto, finance, and policy.
RTX Spark itself was introduced at Computex in June 2026, making the Surface Laptop Ultra the first consumer product to ship with the architecture.
The price tag is going to narrow the audience, at least initially
Entry-level configurations are expected to start above $2,000. High-end builds are projected to land somewhere between $3,000 and $7,000 or more, driven largely by the cost of high-capacity unified memory.
Pre-orders are expected to open around the event date, with shipments targeted for mid-to-late October 2026.
Microsoft and Nvidia aren’t alone in this push
The Surface Laptop Ultra isn’t arriving in a vacuum. Dell, Lenovo, ASUS, HP, and MSI are all expected to launch their own RTX Spark-based laptops during the same fall 2026 window. That breadth of OEM participation suggests Nvidia is treating RTX Spark as a platform bet, not a single premium SKU experiment.
Disclosure: This article was edited by Diego Almada Lopez. For more information on how we create and review content, see our Editorial Policy.

