{
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}
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microsoft stock faces steep decline after disappointing revenue forecast

Microsoft's stock fell over 5%, marking its worst day in two years, despite a strong earnings report. The company forecasted revenue between $68.1 billion and $69.1 billion for the current period, below analyst expectations, while its cloud business, Azure, saw a 33% revenue increase. CEO Satya Nadella noted supply chain issues affecting data center infrastructure and anticipated a $1.5 billion income hit from AI investments.
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United States Dollar Amazon.com, Inc. BofA Global Research Google Inc. Microsoft Corporation OpenAI IDN USA Satya Nadella Amy Hood Ari Levy Show more
Technology & Innovation, Market Report
18:51 31.10.2024
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