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Microsoft closes worst quarter on Wall Street since 2008 on AI concerns: 'Redmond is in a pickle'
Microsoft just closed out its worst quarter on Wall Street since the 2008 financial crisis, as investors soured on the software giant's prospects in artificial intelligence.
The company's stock plunged 23% in the first quarter, a steeper drop than any of its tech peers or the Nasdaq, which fell 7% in the period. Microsoft bounced back a bit on Tuesday, alongside a broader market rally, with shares of the company gaining 3.3%, the biggest jump since July.
While Microsoft remains dominant in workplace productivity software and through its Windows operating system, the company is facing twin pressures to grow efficiently in AI while also building out its cloud AI infrastructure to support soaring demand.
Why Microsoft is a 'screaming buy.'
Big Tech and AI have been under pressure for months, but is it time to bet big on one familiar name? Kenny Polcari, CEO and CIO of BD8 Capital Partners, Barbara Doran, Barron's Investor Circle Newsletter Editor, Josh Schafer, and Former Ellevest VP of People, Amanda Polcari, discuss why it may be time to give Microsoft another look.
Where are there opportunities within software? If you look at just Barron's stock picks over the last month, we came out and said we'd be buyers of Okta here. We'd be buyers of Microsoft at these levels. I mean, our cover story a couple weeks ago was Microsoft simply, honestly, off a a basis of its valuation is at its lowest compared to the S&P 500 in 10 years, right?
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Microsoft: Anthropic's $30 Billion ARR Says A Lot (Rating Downgrade) (NASDAQ:MSFT)
Microsoft Corporation (MSFT) shares are going through one of their worst selloffs in recent memory, down 31% over the past six months.
For a company with a perfect track record and seemingly impeccable fundamentals, the
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