Microsoft Shares Slide as Cloud Forecast, AI Spending Disappoint
Microsoft on Wednesday forecast disappointing growth in its cloud computing business, sending its shares down 4.5 percent in after-hours trading as investors worry about big spending, elusive artificial intelligence revenue and competition from cheaper AI models from China. Azure results for the fiscal second quarter also fell below Wall Street expectations. Despite beating quarterly overall sales estimates, investors want better results from the hundreds of … Read more
