Microsoft Stock Slumps, Weighing on Big Tech Shares, on Disappointing Forecast
Microsoft(MSFT) Investopedia·2024-11-01 00:01
Key TakeawaysMicrosoft stock slumped on Thursday after the company's current-quarter revenue outlook fell short of Wall Street estimates, overshadowing a better-than-expected fiscal first quarter. Growth as Microsoft's cloud-computing unit is expected to slow this quarter as the company continues to struggle to meet surging AI demand. Analysts remained bullish on the stock, citing an expected reacceleration of cloud growth. Shares of Microsoft (MSFT) slid on Thursday after the company’s revenue forecast fel ...