Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, discusses Microsoft's biggest drop since 2020 and what that says about overall AI spending. Microsoft Corp. plunged the most in almost six years after reporting record spending and slowing cloud sales growth, fueling investor concerns that it could take longer than expected for the company’s AI investments to pay off. The shares sank by as much as 11% to $429.24, for the biggest intraday slide since March 2020. Capital