Microsoft tumbled 10% in a day and isn't recovering premarket. Here's why

In this articleMETAMSFTMicrosoft's stock isn't recovering in Friday's pre-market trading, after the stock saw its biggest daily decline since 2020 on Thursday, sliding 10% after an earnings report.It's trading 0.55% up on Thursday's close as of 6.44 am ET.This is despite the company's second-quarter earnings beating analyst revenue expectations. Like other hyperscalers, Microsoft has invested huge sums in its AI infrastructure buildout. But Meta reported huge AI spending on the same day and its stock jumped ...