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What’s Going On With Microsoft Shares Today?

Microsoft Corp (NASDAQ: MSFT) shares are trading lower Tuesday ahead of Wednesday's April Consumer Price Index inflation report.
byAnusuya Lahiri
May 9, 2023
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  • Microsoft Corp (NASDAQ:MSFT) shares are trading lower Tuesday ahead of Wednesday’s April Consumer Price Index inflation report.
  • Unexpectedly strong inflation data might dampen investors, particularly for tech-related equities, as it leads to higher expenses, lower pricing power, and lower consumer spending.
  • Earlier on Tuesday, Microsoft’s business and employment-focused social media platform LinkedIn had to let go of 716 employees as a part of changes to its Global Business Organization (GBO) and China strategy.
  • LinkedIn looks to sunset its Business Productivity team. It also plans to reduce management roles and use more vendors to “serve emerging and growth markets more effectively.
  • Microsoft AI offerings could double cloud revenue, Bernstein analyst Mark Moerdler wrote on his Tuesday note.
  • Microsoft’s big push into artificial intelligence software could eventually drive the company past Amazon.com Inc’s (NASDAQ:AMZN) Amazon Web Services as the leading cloud-computing company, the analyst wrote.
  • Price Action: MSFT shares traded lower by 0.36% at $307.54 on the last check Tuesday.
 
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