Microsoft closes worst quarter on Wall Street since 2008 on AI concerns: 'Redmond is in a pickle'
Orientul Mijlociu
Microsoft just closed out its worst quarter on Wall Street since the 2008 financial crisis, as investors soured on the software giant's prospects in artificial intelligence. The stock plunged 23% in the first quarter, a steeper drop than any of its tech peers or the Nasdaq, which fell 7% in the period. Microsoft bounced back a bit on Tuesday, alongside a broader market rally, with the shares gaining 3.3%, the biggest jump since July. While Microsoft remains dominant in workplace productivity
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