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Microsoft (MSFT) Drops 11% After Cloud Revenue Miss Amid AI Monetization Concerns

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Microsoft's shares plunged 11.3% after disappointing cloud revenue and concerns over slow AI monetization.
  • Meta and Tesla gained on strong forecasts, while traditional software stocks declined amid AI competition fears.
  • Fed held rates steady, and broader market showed mixed performance.
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MSFT price history

495.63 +5.23% over the displayed period

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