Why Microsoft Fell 11% in January
Shares of (NASDAQ: MSFT) fell 11% in January, according to data from S&P Global Market Intelligence.
Software stocks have been under pressure lately as investors fear the impact generative AI will have on their businesses. Additionally, other investors have been wondering whether artificial intelligence companies will be able to earn adequate returns on their massive capital spending.
While Microsoft reported a solid beat on its first-quarter earnings and also unveiled a groundbreaking self-designed inference chip, the stock still fell, as its "mild beat" wasn't enough to allay those multiple fears.
Source Fool.com
Microsoft Corp. Stock
€316.50
-0.770%
Currently there is a rather positive sentiment for Microsoft Corp. with 158 Buy predictions and 6 Sell predictions.
As a result the target price of 503 € shows a very positive potential of 58.93% compared to the current price of 316.5 € for Microsoft Corp..
