Microsoft stock drops as Swiss antitrust probe, Wikipedia AI deals stack up ahead of earnings
Microsoft Corp’s shares dropped roughly 2.4% to $459.38 in early New York trading Thursday. The Invesco QQQ, which tracks the Nasdaq 100, slid about 1%, and the SPDR S&P 500 ETF dipped around 0.5%. Switzerland’s competition commission revealed it had launched a preliminary probe into Microsoft’s licensing fees after complaints from businesses and government bodies over steep price hikes. The regulator noted the findings could lead to a formal investigation. Microsoft said it would cooperate.