Microsoft's market value evaporated by $57 billion, possibly marking its worst single-month performance since 2000.

As investors continue to worry about Microsoft's prospects in the era of artificial intelligence, the stock price of this software giant is on track for its worst month since the dot-com bubble. The stock has dropped by 17% in June, on this trajectory, it will mark the worst monthly performance since December 2000. This sell-off has caused the company's market value to evaporate by over $570 billion, and before bouncing back on Friday, the stock price fell to its lowest closing price since 2023 on Thursday. Jack Ablin, Chief Investment Strategist at Cresset Wealth Advisors, who holds the stock, said, "Microsoft is facing dual pressures, both worrying about spending on artificial intelligence, and worrying about the disruptive impact of AI. Although from a valuation perspective, this seems like a good investment, I feel that the current approach of investors is to 'sell first and ask questions later'."