US stock movement | Microsoft (MSFT.US) drops over 2%, declining for nine consecutive days, falling more than 32% from its high

According to Zhito Finance APP, on Friday, Microsoft (MSFT.US) opened lower, continuing to drop over 2%, with its stock price falling for nine consecutive days, down over 32% from its high, and is set to record its worst quarterly performance since 2008, as AI “bites” the company’s growth prospects from two directions. First, this nearly $3 trillion market capitalization software giant with a global reach is doubling down on AI capital expenditures; however, more and more investment institutions on Wall Street are questioning: when will the increasingly massive investments in AI computing infrastructure yield more significant returns in revenue and profit growth? Second, the pessimistic narrative of “AI disrupting everything” has led global investors to continue selling software stocks, as they worry that AI startups like Anthropic and OpenAI are building AI agents focused on high-efficiency workflows that could completely replace SaaS software products from companies like Microsoft.

Portfolio manager Jonathan Cofsky from Janus Henderson Investors stated, “There is indeed a concern in the market: in the future, customers may not pay Microsoft, but will instead directly turn to the AI large model suppliers, which could impact Microsoft’s core growth business and at least put pressure on the company’s pricing and profit margins.”