Microsoft's stock fell 10 percent on Wall Street on Thursday after the company released a quarterly report following the market's close on Wednesday, the biggest single-day loss since 2020, CNBC reports.
The figures are enormous, given that it concerns the world's fourth-most valuable listed company. The loss corresponds to nearly 3,144 billion (3,144,000,000,000) SEK.
What investors are upset about is, among other things, that AI investments are progressing too slowly and that revenue from cloud services and from the Windows operating system fell short of expectations.
Investors were also unhappy with the quarter's operating margin.
