Microsoft (MSFT) and Amazon (AMZN) Downgraded to Neutral by Rothschild & Co Redburn on AI Capex Concerns — Stocks Slip on Nov. 18, 2025
Rothschild & Co Redburn broke with the prevailing Wall Street optimism on Tuesday, cutting ratings on Microsoft and Amazon to Neutral from Buy. Analyst Alexander (Alex) Haissl also lowered Microsoft’s 12‑month price target to $500 (from $560) and kept Amazon’s target at $250, calling for a more cautious stance on the hyperscaler complex. The call marks Haissl’s first downgrade of the two since initiating coverage in 2022. Bloomberg+1 Market reaction (intraday): As of 15:45 UTC, MSFT traded near $490.55 (≈ ‑3.3%) and AMZN around $224.35 (≈ ‑3.7%), underperforming the broader market as investors digested the sector‑wide implications. Why Redburn turned