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Microsoft Stock Down 23% in 1Q, Worst Quarterly Performance Since 2008
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Amid concerns over AI prospects, Microsoft (MSFT.US) stock price plunged 23% in the first quarter of this year, marking the largest quarterly slump since the 2008 financial crisis, far more than the declines of other tech peers and the Nasdaq's 7% drop. Microsoft shares rebounded with the market on Tuesday, closing up 3.1%, the largest single-day gain since July. However, for the entire quarter, the cumulative downfall was as high as 23%, sharply underperforming the market. AASTOCKS Financial News Website: www.aastocks.com |
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