Microsoft shares have suffered their largest decline in more than five years, falling 10% this week after the company reported record spending on artificial intelligence alongside slowing growth in its key cloud unit.
The stock closed at $433.50 on Thursday, down from $481.63 at the end of the trading two days earlier, wiping about $357 billion off the company’s market value in one of the largest single-day losses on record outside the Covid-era sell-off.
Microsoft has been among the most aggressive US tech companies in adopting AI, investing billions in infrastructure and deepening its partnership with OpenAI. The company is embedding…
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