Microsoft stock slips early as big tech softens; Wedbush flags FY26 as AI “inflection year”
Microsoft shares fell 0.8% to $483.62 in early Friday trading as U.S. markets opened for 2026. Analyst Dan Ives of Wedbush maintained a $625 price target, calling fiscal 2026 an AI “inflection” year for Microsoft. The broader Nasdaq 100 also slipped 0.8%. Investors awaited U.S. economic data for signals on interest rates.