💻 Technology
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Bloomberg
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Microsoft Faces Worst Quarter Since 2008 as AI Bites Twice
Microsoft is caught between two troubling trends shaking the tech sector, pushing its stock toward its worst quarterly performance since the 2008 global financial crisis. Artificial intelligence is simultaneously creating costs and competitive pressures for the company. The situation marks a dramatic reversal for a firm that had been seen as an AI leader.
Microsoft Corp. is at the intersection of two troubling trends roiling the technology sector, which has the stock on track for its worst quarterly performance since the global financial crisis two decades ago.