US Stock Market Move | Microsoft Corporation (MSFT.US) fell more than 2% for the ninth consecutive day, dropping over 32% from its high.

On Friday, Microsoft Corporation (MSFT.US) continued to decline at the opening, falling more than 2%, with the stock falling for nine consecutive days and dropping more than 32% from its peak. It is likely to record its worst quarterly performance since 2008, as AI "gnaws" at the company's growth prospects from two directions. Firstly, the nearly $3 trillion software giant with global market coverage is doubling down on AI capital expenditure. However, more and more Wall Street investment institutions are questioning: when will the increasingly large investment in AI computing infrastructure bring more significant return on investment in revenue and profit growth. Secondly, the pessimistic narrative of "AI disrupting everything" has led global investors to continue selling software stocks, as they fear that AI startups like Anthropic and OpenAI are creating AI intelligences that can fully replace companies like Microsoft Corporation in SaaS software products with focused agent-based efficient workflows. Jonathan Cofsky, portfolio manager at Janus Henderson Investors, said, "There is indeed a concern in the market that in the future, customers will not pay Microsoft Corporation, but instead will increasingly turn directly to AI large model suppliers, which could impact Microsoft Corporation's core growth business and at least put pressure on the company's pricing and profit margins."