Back to Search
Start Over
Microsoft Shares Lag as 'AI Fatigue,' High Multiple Curb Rebound.
- Source :
- Bloomberg.com; 10/1/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- Microsoft shares have experienced a decline in recent months, as some investors have become less interested in the artificial intelligence sector and are seeking better value elsewhere. The stock is currently almost 9% below its all-time high, while a software firm ETF closed at a record high. Analysts have also become more cautious on Microsoft, citing increased competition in the AI space and a reduced justification for the stock's premium valuation. Despite this, the majority of analysts remain bullish on Microsoft, and the company's long-term prospects are still viewed favorably. [Extracted from the article]
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 180032670