ChatGPT-maker OpenAI ‘troubles’ hit Microsoft, pull down company’s shares as investors worry …

Shares of Microsoft fell sharply in after-market trading on January 28, despite the company beating earnings expectations for its second quarter. The company’s stock dropped by more than 6% as investors focused less on the earnings beat and more on concerns around the company’s cloud business, Azure. According to a Business Insider report, analysts raised questions about slowing Azure growth, rising spending and Microsoft’s growing reliance on ChatGPT-maker OpenAI, which now accounts for a large share of the company’s future cloud commitments. The concerns weighed on investor sentiment despite Microsoft’s strong overall financial performance.