Microsoft stock on track for longest losing streak in a decade, wiping out $350 billion as AI stocks tumble
Microsoft stock today: Microsoft Corp is on pace for its longest losing streak in more than a decade, as growing caution over the artificial intelligence sector continues to weigh on major technology stocks, as per a Bloomberg report.
Microsoft Stock Value Drops $350 Billion in Eight Days
Shares of the software giant fell as much as 0.8% on Friday, and if the session ends lower, it would mark Microsoft’s longest stretch of consecutive daily declines since a nine-day slump that ended in November 2011, as per the report. Over the past eight trading days, the stock has dropped 8.6%, erasing nearly $350 billion in market value, as per the report.
