Microsoft Heads for Worst Month Since 2000, Down 20% in June

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โดย Zacks Investment Research·Read original
Summary · why it matters

Microsoft is heading for its worst month since December 2000, with shares down 20% in June, erasing more than $570 billion in market value. The decline stems from investor skepticism over the company's plan to spend $190 billion in capital expenditures through 2026 on artificial intelligence infrastructure, as well as margin compression in its Azure cloud business. Despite the selloff, Microsoft's long-term growth prospects remain healthy, with a forward price-to-earnings ratio of 19.1 times and a long-term earnings growth rate of 16.60%. Analysts see a potential rebound, with a short-term average price target of $554.04, implying a 48.55% upside from the last closing price of $372.97. For investors seeking diversified exposure, four technology ETFs with significant Microsoft holdings are highlighted: Vanguard Information Technology Index Fund ETF Shares, Fidelity MSCI Information Technology Index ETF, State Street Technology Select Sector SPDR ETF, and iShares U.S. Technology ETF, all carrying a Zacks ETF Rank of 1.

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