Microsoft sends shockwaves through tech sector after signaling AI payoff will take longer

Shares fell 7% after the company gave the spending forecast on a call with analysts but quickly pared losses to trade down 3% after it said Azure growth would accelerate in the second half of fiscal 2025.

  Science/Technology   Jul 31, 2024   0   17  Add to Reading List
Microsoft sends shockwaves through tech sector after signaling AI payoff will take longer

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Shares fell 7% after the company gave the spending forecast on a call with analysts but quickly pared losses to trade down 3% after it said Azure growth would accelerate in the second half of fiscal 2025.
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