Microsoft Experiences Worst Monthly Drop Since 2000 Amid Rising Capital Spending
Shares of Microsoft have fallen over 20% in June, marking its worst monthly performance since December 2000. Despite strong financial results with consistent revenue and earnings growth, the stock has dropped more than 35% year-to-date due to rising capital expenditures (capex) related to AI infrastructure.
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Topics: AI infrastructure capex free cash flow hyperscalers Microsoft