Microsoft stock gained 3.3% as Snowflake's blowout earnings sparked a software sector rally, easing fears about AI spending and boosting investor

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 gained 3.3% as Snowflake's blowout earnings sparked a software sector rally, easing fears about AI spending and boosting investor