Microsoft Shares Drop Amid Concerns Over AI Spending Impact on Cloud Margins
Microsoft (MSFT) shares fell by over 3.45% as Stifel lowered its price target from $415 to $400, citing concerns about the company's cloud margin outlook due to increased investment in AI infrastructure. The broader tech sector also saw declines with the S&P 500 and Nasdaq Composite both posting losses.
Topics: AI investment cloud margins Microsoft Stifel downgrade