Microsoft Faces Ongoing Service Outages While Applied Materials and Anthropic Make Market Moves
Microsoft (MSFT) shares fell over 2% in premarket trading following a widespread Microsoft 365 outage affecting Copilot, Outlook, and Teams. Despite attempts to restore service, the company reported that recent fixes were not performing as expected. Microsoft stated there is no indication of malicious activity and is working with urgency to repair the affected infrastructure. In other news, semiconductor equipment maker Applied Materials (AMAT) surpassed fiscal Q4 expectations, reporting a 53% year-over-year revenue increase to $10.41 billion. The company also provided optimistic Q1 guidance that exceeded Wall Street consensus. Meanwhile, Anthropic's highly anticipated IPO is reportedly six times oversubscribed as the company seeks up to $64.4 billion in its offering, potentially making it the largest listing ever.
Tickers: $AMAT $ANT $JPM $MSFT
Topics: Earnings Beat IPO Service Outage Tech Sector
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Part of the story Microsoft stock slumps on outage that includes the Copilot tool it has been heavily promoting (2 articles)