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Microsoft Shares Lag as 'AI Fatigue,' High Multiple Curb Rebound.

Authors :
Vlastelica, Ryan
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