Microsoft shares drop 17% amid AI concerns
Microsoft's stock price dropped by 17% in June, marking its worst monthly performance since 2000, due to concerns over increasing spending on artificial intelligence and its potential impact on demand for traditional programs like Word and Excel. The decline led to a loss of more than $570 billion in the company's market value, despite the stock recovering by 5.7% at the end of the week. Analysts expect the company's revenues to grow by 17% in the current fiscal year. Experts believe that interest in the company's long-term future will persist despite the current pressures.
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