Microsoft stock drops as Wall Street doubts AI investments.

Microsoft stock has dropped 12% due to stalling growth in cloud computing software and concerns over investments in OpenAI. The tech giant reported a slowdown in Azure growth, with record capital expenditures and predictions of stable growth. OpenAI, accounting for 45% of Microsoft’s cloud backlog, faces financial challenges and competition, leading to investor worries. Other tech giants like Amazon and Nvidia, also investing in OpenAI, experienced stock declines amid the industry sell-off.

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