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Microsoft (MSFT) Tumbles 10% After Earnings on AI Spending Over Cloud Revenue Growth

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The Story

News Summary

  • Microsoft's stock plunged 10% post-earnings as the company prioritized internal AI development over cloud revenue growth, disappointing investors.
  • Azure growth at 38% fell short of expectations amid resource allocation to AI research, causing significant market cap loss and investor skepticism on near-term monetization.
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MSFT price history

496.15 +2.84% over the displayed period

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