Microsoft's market value has evaporated by $570 billion, threatening to record its worst monthly performance since 2000

According to Odaily, as investors continue to worry about Microsoft's (MSFT.O) prospects in the age of artificial intelligence, the software giant's stock is headed for its worst month since the dot-com 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. After a rebound on Friday, the stock had fallen to its lowest closing price since 2023 on Thursday.

"Microsoft is facing dual pressures: concerns over AI spending and the disruptive impact of AI," said Jack Ablin, chief investment strategist at Cresset Wealth Advisors, which holds the stock. "Although it seems like a good investment from a low valuation perspective, I feel that investors are currently adopting a 'sell first, ask questions later' approach." (Jinshi)