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Microsoft Stock Plunges 17% in June, Erases $570 Billion in Market Value

GateNews
Stocks
According to Odaily Daily, Microsoft stock fell 17% in June, erasing over $570 billion in market value and tracking toward its worst monthly performance since December 2000. The selloff was triggered by persistent investor concerns over the company's prospects in the artificial intelligence era. Jack Ablin, chief investment strategist at Cresset Wealth Advisors, said the stock faced "dual pressures from both AI spending concerns and fears of AI-driven disruption," noting investor sentiment has shifted to "sell first, ask questions later."
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