Amazon, Microsoft Stock Downgraded, Can't Hit Expected Returns: Analyst

One analyst has taken a dimmer view of two AI kingmakers this week. Alex Haissl, an analyst at Rothschild & Co Redburn, is a lonely dissenting voice among research analysts when it comes to shares of Amazon and Microsoft. In a note to clients this week, Haissl downgraded the firm's rating on the tech giants despite the ongoing hype for generative AI and the billions both firms have pledged to spend on the new tech in the coming years.Investors look like they're valuing Amazon and Microsoft's capex plans as ...