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
€334.70
-1.620%
Currently there is a rather positive sentiment for Microsoft Corp. with 164 Buy predictions and 5 Sell predictions.
As a result the target price of 501 € shows a positive potential of 49.69% compared to the current price of 334.7 € for Microsoft Corp..
