Microsoft shares on track for worst month since 2008 financial crisis, $530 billion in value erased
By
Ryan Vlastelica, Bloomberg News
Summary
Microsoft shares are experiencing their worst monthly performance since the 2008 financial crisis, with a decline of over 20% in June that has erased more than $530 billion in market value. The selloff is driven by investor concerns about how Microsoft will navigate the AI-driven market landscape. A modest two-day gain has provided some recovery, but the stock remains on track for its worst month in over a decade.
Source
bskyMicrosoft shares on track for worst month since 2008 financial crisis, $530 billion in value erasedbit.lyKey quotes
· 3 pulledMicrosoft Corp. shares are heading for their worst month in years as investors continue to fret about how the software giant will fare in a world marked by artificial intelligence.
The stock at one point fell more than 20% in June, which would have represented its worst monthly showing since December 2000
The selloff has erased more than $530 billion in market value and pushed the stock to its lowest closing price
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