The drop comes amid stalling growth for its cloud computing software as OpenAI investments are questioned.
The drop comes amid stalling growth for its cloud computing software as OpenAI investments are questioned.
Share
Save
Microsoft stock has slumped 12 percent as part of a software industry sell-off, stoking fears of whether hefty investments in artificial intelligence will pay off across the sector.
The Redmond, Washington-based tech giant is on track Thursday to finish at its worst day since March 2020 and has seen approximately $400bn in valuation wiped out.
Microsoft Plunges, Meta Rallies As Investors Demand AI Payoffs
Microsoft Plunges After Reporting Slowed Cloud Growth
Meta rises 8%, Microsoft sinks 11% as megacap tech stocks diverge after earnings
Microsoft shrugs off AI bubble fears again with strong financial results
Microsoft lost $357 billion in market cap as stock plunged most since 2020
Microsoft Stock Tumbles 12.1% In Worst Day For Company In Years
Big tech results show investor demand for payoffs from heavy AI spending
Microsoft tumbled 10% in a day and isn't recovering premarket. Here's why
