Microsoft Shares Drop After Reportedly Lowering Expectations For AI Product Demand

ToplineMicrosoft shares fell by more than 1.7% on Wednesday following a report the tech giant had lowered growth targets for AI product sales, though the firm has denied the report, claiming it shows a “lack of understanding.” The megacap denied the report, claiming the story shows a “lack of understanding of the way a sales organization works and is compensated.”Getty ImagesKey FactsShares of Microsoft declined by more than 1.7% to around $481.64 as of just before 2:15 p.m. EST on Wednesday afternoon, pari ...