Microsoft Lags as Wall Street Bets on AI Bounce
Microsoft shares fell about 1% to $412.60 Monday, underperforming a tech rally that saw the S&P 500 tech sector rise 1.8% and the Philadelphia Semiconductor Index jump 6.2%. The stock’s drop cut roughly 48 points from the Dow. Investors weighed strong Azure growth against rising costs for AI and data centers. Microsoft AI chief Mustafa Suleyman said the company aims to reduce reliance on OpenAI for advanced models.