Microsoft Stock Drops as OpenAI Investment Weighs on Sentiment

Microsoft Corp (NASDAQ:MSFT) is off 2.1% to trade at $530.40, despite the 'Magnificent 7' name reporting fiscal first-quarter earnings beat of $3.72 per share on revenue of $77.7 billion. Operating income also increased by 24% year-over-year to $38 billion. Capital expenditures' focus on AI are weighing, however, as the company reported a 74% amid the ongoing OpenAI investment.On Monday, MSFT came within a chip shot of its July 31 record high of $555.45. Now, the stock has filled that gap to the downside, t ...