Why Microsoft Fell Today, But Then Recovered
Shares of tech giant (NASDAQ: MSFT) fell on Wednesday, retreating as much as 3% early in the day before recovering to just a 1.6% decline as of 12:34 PM EDT.
This morning, tech news outlet The Information published a story that may have sent fears down the spines of Microsoft investors, and really all investors bullish on the prospects of generative AI.
However, Microsoft later denied the story, which led to the modest recovery. Still, a larger issue remains with Microsoft and its AI offerings.
Source Fool.com
Microsoft Corp. Stock
€405.35
0.460%
The stock is one of the favorites of our community with 139 Buy predictions and 3 Sell predictions.
With a target price of 495 € there is a positive potential of 22.12% for Microsoft Corp. compared to the current price of 405.35 €.
