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Why Microsoft Stock Was Getting Slammed Today
The kickoff of a high-profile antitrust case against a peer and an analyst's price target reduction put the hurt on Microsoft (NASDAQ: MSFT) shares Monday. The tech giant wasn't looking all that mighty on the exchange, with a more than 3% drop in price in late afternoon trading. It was generally a bearish day for big tech as a whole, with search titan Alphabet taking an uncomfortable turn in the spotlight.The U.S. Department of Justice's artificial intelligence (AI)-related suit against the company began. The government agency claimed that strong legal measures are needed to prevent the company from using AI functionalities to make it even more dominant in search. Continue reading
The kickoff of a high-profile antitrust case against a peer and an analyst's price target reduction put the hurt on Microsoft (NASDAQ: MSFT) shares Monday. The tech giant wasn't looking all that mighty on the exchange, with a more than 3% drop in price in late afternoon trading.
It was generally a bearish day for big tech as a whole, with search titan Alphabet taking an uncomfortable turn in the spotlight.
The U.S. Department of Justice's artificial intelligence (AI)-related suit against the company began. The government agency claimed that strong legal measures are needed to prevent the company from using AI functionalities to make it even more dominant in search.
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