Enterprise software juggernaut Microsoft, like most tech stocks, had started September on the wrong foot. On Tuesday, Microsoft eased 1.9% in thin volume, yet held above the key 50-day moving average. Shares have also experienced heavier selling pressure after an Oppenheimer research analyst reduced his forecast for Microsoft's Azure cloud computing revenue for the fiscal year ending in June 2025. Read More...
Enterprise software juggernaut Microsoft, like most tech stocks, had started September on the wrong foot. On Tuesday, Microsoft eased 1.9% in thin volume, yet held above the key 50-day moving average. Shares have also experienced heavier selling pressure after an Oppenheimer research analyst reduced his forecast for Microsoft’s Azure cloud computing revenue for the fiscal year ending in June 2025.
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