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Microsoft’s market value has evaporated by $570 billion, threatening the worst single-month performance since 2000.

MeNews
ME News message: On June 29 (UTC+8), as investors continue to worry about Microsoft (MSFT.O)’s prospects in the era of artificial intelligence, the software giant’s stock is on track for its worst month since the dot-com bubble era. The stock has already fallen 17% in June; if this trend continues, it will mark the worst single-month performance since December 2000. This sell-off has caused the company’s market value to evaporate by more than $5,700 billion, and before the stock rebounded on Friday, it had fallen to its lowest closing price since 2023 on Thursday. Jack Ablin, chief investment strategist at Cresset Wealth Advisors, which holds the stock, said: “Microsoft faces dual pressure—concern over spending on artificial intelligence (AI) and concern over the disruptive impact brought by AI. Although it seems like a good investment from a low-valuation perspective, I feel investors are currently taking an approach of ‘sell first, question later.’” (Jin Shi) (Source: ODAILY)
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