Microsoft Stock Declines Amid Tech Sector Sell-Off Following ServiceNow's Q1 Results
Microsoft's stock fell 3.9% on April 23, 2026, as investors sold off software stocks following ServiceNow's Q1 results, which raised concerns about AI's impact on SaaS companies. The broader tech sector also declined, with the Nasdaq Composite down 0.9% and the S&P 500 down 0.5%. Microsoft's share price is now down 14% year-to-date.
Topics: AI Microsoft SaaS ServiceNow Stock Market Performance Tech Sector