Microsoft's June slide wipes $570 B off market cap as AI spending spooks investors
In June Microsoft fell 17%, on track for its worst month since 2000, erasing about $570 billion in market value. Investors are fretting over soaring AI‑related capex and weaker Azure growth, highlighted by a $190 billion spend outlook that outpaced expectations. The sell‑off pushes the stock to its lowest close since 2023.