Microsoft Shares Drop Despite Q3 Earnings Beat Due to AI Spending Concerns
Microsoft shares fell 5% despite reporting a Q3 revenue of $82.89 billion and strong AI revenue growth. Investors are concerned about the company's $190 billion AI spending plan for 2026, which has raised doubts about near-term returns and competition from firms like Anthropic and OpenAI.
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Topics: AI spending Investor sentiment Microsoft Q3 earnings Stock price drop