Microsoft stock price edges up after Thursday rout, but AI capex worries hang over MSFT
Microsoft shares rose 0.9% to $397.21 early Friday after a 5% drop the previous day, rebounding amid heavy selling in software stocks. Stifel downgraded Microsoft to “Hold,” slashing its price target to $392 and warning of margin pressures from soaring AI and cloud spending. Investors remain wary as tech giants project over $600 billion in AI projects this year. Microsoft’s recent record AI expenses and slowing cloud growth have fueled volatility.