Microsoft's market value has evaporated by $570 billion, heading for its worst monthly performance since 2000

Odaily reported that as investors continue to worry about Microsoft's (MSFT.O) prospects in the AI era, the software giant's stock is heading for its worst month since the dot-com bubble era. The stock has fallen 17% in June, on track for its worst monthly performance since December 2000. This sell-off has wiped out more than $570 billion from the company's market value. The stock had fallen to its lowest closing price since 2023 on Thursday before rebounding on Friday.

Jack Ablin, chief investment strategist at Cresset Wealth Advisors, which holds the stock, said: "Microsoft is facing dual pressures, worried about AI-related spending as well as the disruptive impact of AI. Although it looks like a good investment from a low valuation perspective, I feel that investors are currently adopting a 'sell first, ask questions later' approach." (Jin Shi)