Microsoft shares plummet while Meta shares increase by over 10 per cent
CommSec’s Ryan Felsman claims Microsoft’s share price plummet was due to investors’ concerns with cloud revenue.
Microsoft shares plunged 10 per cent, losing $357 billion USD, after investors raised cloud revenue concerns.
“A big focus on Microsoft last night,” Mr Felsman told Sky News Australia.
“Microsoft said it would increase its spending by 66 per cent to 37.5 billion USD.
“Meanwhile, Meta platform shares were up 10.4 per cent.”
Presented by CommSec.
