Microsoft rallies in last 10 minutes of trading to avoid first eight-week losing streak since 2008

Core Insights - Microsoft experienced a significant stock fluctuation, closing the week at $391.26, marking a 0.7% increase despite being down 7% for the year [1][3] - The company's current stock performance mirrors a historical trend, with the last similar slump occurring during the financial crisis in early 2008, where shares fell for nine consecutive weeks [2] - Microsoft is facing increased competition in the cloud and AI sectors from major players like Amazon and Google, as well as emerging startups [4] Financial Performance - Microsoft shares have seen a decline of approximately 16% since reaching a closing high of$ 467.56 in July 2024, resulting in a market capitalization of $2.9 trillion [3] - The company issued disappointing revenue guidance on January 30, contributing to investor concerns [3] Market Context - The recent pullback in Microsoft's stock is attributed to broader economic concerns, including potential impacts from tariffs and cost-cutting measures that may lead to a recession [3] - Microsoft's involvement in the AI sector is significant, with substantial investments in OpenAI and its Azure cloud infrastructure, positioning it as a key player in the ongoing AI boom [2]