微软股价年内跌19.4%逼近关键技术位，与星链合作覆盖近3亿人

Core Viewpoint - Microsoft's stock has recently underperformed, becoming the largest decliner among the "Big Seven" in the U.S. stock market, with a cumulative decline of 28% since reaching a record closing high of $539.82 on October 28, 2025, and a year-to-date drop of 19.4% as of February 26, 2026 [1] Group 1: Stock Performance - The current stock price is approaching the critical technical support level of the 200-week moving average, approximately $375.80, being only about 3.5% above this level [1] - Historical data indicates that when the stock price is within 3% of the 200-week moving average, a rebound often occurs, as seen with a 14.9% rebound in January 2023 [1] - Despite a broader market rebound on February 24 due to better-than-expected economic data and interest rate cut expectations, Microsoft's stock only increased by 1.18%, underperforming the sector [1] Group 2: Recent Developments - Microsoft announced a partnership with SpaceX's Starlink at the 2026 Mobile World Congress (MWC) to expand internet access in rural and remote areas, achieving a global network coverage of 299 million, exceeding its target of 250 million, with Africa contributing 124 million [2] - On February 26, Microsoft appointed Asha Sharma as the new CEO of its gaming division, succeeding the retiring Phil Spencer, signaling a strategic integration of gaming with Azure cloud and AI ecosystems to enhance generative AI applications in game development [2] Group 3: Analyst Insights - Technical analysts highlight that Microsoft's stock nearing the 200-week moving average represents a critical turning point, with potential for a technical rebound if this support is maintained [3] - Some market participants believe that the current pessimism is excessive, with Northwestern Mutual analyst Matt Stucky suggesting that Microsoft's investment in internal projects to maintain customer relationships may offer more long-term strategic value than merely reselling through Azure [3] - Regulatory risks are a concern, as the U.S., EU, and Japan are intensifying scrutiny over Microsoft's bundling of cloud and AI services, which could impact business synergies [3]