Microsoft stock is headed for its worst month since 2000. Here's why Wall Street is punishing AI infrastructure spending.

Microsoft stock is headed for its worst month since 2000. Here's why Wall Street is punishing AI infrastructure spending.

Microsoft Corp (NASDAQ:MSFT) shares are sliding on Thursday. Stifel reduced its price target and maintained its Hold rating.

Microsoft stock is down over 24% year-to-date in 2026, its worst annual start since the dot-com era, as investors balk at a $190B AI capex plan.