Microsoft (NASDAQ: MSFT) stock dropped 28% last year -- its third-worst performance since the company went public in 1986 -- and the situation has only gotten worse this year. Economic challenges fueled Microsoft's fall from grace. High inflation slowed revenue growth and supercharged operating expenses, a one-two punch that led to a disappointing financial performance over the past year. Read More...
Motley Fool
Why Rivian, Lucid, and Canoo Stocks Sank Today
Early-stage companies like Rivian Automotive (NASDAQ: RIVN), Lucid Group (NASDAQ: LCID), and Canoo (NASDAQ: GOEV) took some of the biggest hits, dropping by between about 5% and 8% at their lows of the morning. As of 1 p.m. ET, those three stocks were lower by 6.1%, 3.4%, and 6.9%, respectively. As fourth-quarter EV delivery data has begun trickling out this week, investors are growing more and more concerned about the pace of expected growth in the industry.
