None
EN
US tech stocks slide as Microsoft rout sharpens AI spending doubts
['Saskia Koopman', 'Tech Reporter', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar']
City AM
US tech stocks slide as Microsoft rout sharpens AI spending doubtsMicrosoft shares closed at almost 10 per cent lowerUS technology stocks sold off sharply on Thursday, as a bruising slump in Microsoft sparked investor unease over how long it will take for mass AI investments to pay off.
The tech-heavy Nasdaq Composite closed down 0.72 per cent at 23,685, weighed down by heavy losses across software giants.
Microsoft shares closed at almost 10 per cent lower at $443.50 (£322.18) having at one point fallen as much as 12 per cent, the stock’s worst day since March 2020.
Software stocks feel the strainMicrosoft’s plunge dragged much of the software sector down with it.
Analysts warned that rising AI infrastructure costs risk squeezing margins across the sector before revenues catch up.