Microsoft Falls for Sixth Consecutive Day on AI Spending Concerns, Hits $382

According to Barron's, Microsoft fell for six consecutive trading days, dropping to $382 per share on Friday (June 12) before closing at $390.74. The decline reflects renewed market concerns over massive artificial intelligence infrastructure spending, with the tech giant facing its longest losing streak since March 2020.

The selloff intensified after Oracle announced capital expenditure guidance of $70 billion for the current fiscal year, up sharply from $56 billion last year and $21 billion two years ago. Microsoft, a major cloud infrastructure provider investing billions in data centers, has become particularly vulnerable to sentiment shifts around AI capex requirements. Year-to-date, Microsoft shares have declined 20%, while the Nasdaq index is up 11%.