Microsoft Corporation is trading 1.2% down at $19,260 following fresh legal pressure regarding its cloud and AI spending disclosures.
- A new shareholder class-action lawsuit alleges the company concealed an Azure growth slowdown and rising AI infrastructure costs, which investors claim led to a prior $357 billion value wipeout.
- The stock is facing additional pressure as technology names underperform broader indices during a market rotation ahead of the Federal Reserve's interest rate decision.