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Microsoft stock faces historic June rout amid heavy AI spending

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.

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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.

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