MSFT
MSFT slid 3 percent today, and there's no single earnings miss to blame. The cleaner read is thematic. Harbor Capital is rolling out AI ETFs explicitly built around the ecosystems of OpenAI, Anthropic, and SpaceX — and their tagline is literally 'beyond Big Tech.' That's a direct message to the market. MSFT has long been treated as an AI proxy, largely because of its deep OpenAI partnership, but purpose-built AI vehicles tend to pull capital out of the proxy trade and into the underlying names. Think of it like this: owning a bank that finances gold miners is not the same as owning the mine. The question now is whether Azure's AI revenue is strong enough to reclassify MSFT as a direct play rather than an adjacent bet.
-3.0% — Moved with the tape — no single reported reason that day. ▶ we covered it
-2.3% — Moved with the tape — no single reported reason that day. ▶ we covered it
+2.5% — Stock Market Today: Dow Sinks 464 Points, But Chip Firm Surges; Microsoft Surpasses Buy Zone (Live Coverage)
+4.9% — Microsoft Stock Breaks Out Into Buy Zone. Here's Why.
+3.0% — Microsoft Has $678 Billion of Revenue Already Under Contract. That's More Than 2 Years of Sales.
+15.5% — Top Midday Stories: Microsoft Shares Rise After Strong Fiscal Q4 Earnings; Meta Shares Fall Following Q2 Earni
+1.9% — Microsoft Plans $190 Billion of Capital Spending This Year. Wednesday Shows Whether Azure Is Keeping Up.
-2.2% — 2 reasons why Microsoft belongs in your portfolio: D.A. Davidson's Gil Luria
-1.9% — Here’s Why Retail Investors Are Buying Microsoft (MSFT) on the Dip
+2.2% — Bank of America doubles down on Microsoft stock ahead of earnings ▶ we covered it
-1.8% — Did AI Just Cannibalize Microsoft’s Greatest Narrative?
+2.8% — Microsoft Stock Rises After Evercore Hikes Price Target on AI Growth
-1.5% — Microsoft Corporation (MSFT) to Cut 4,800 Jobs
+1.5% — Nvidia, Amazon, and Microsoft Stocks Just Did Something for the First Time in at Least 5 Years. Here's What Hi
+1.6% — Should Long-Term Investors Buy Microsoft (MSFT) Instead of SpaceX (SPCX)
+5.7% — Microsoft Has Fallen 25% This Year: What Could Push MSFT Back to $500? ▶ we covered it
-3.5% — MSFT Stock Slides 4.5% — Microsoft Price Target Revision By Stifel And Xbox Pricing Changes In Focus
-2.3% — Microsoft Corporation (MSFT) Is One Of Billionaire David Tepper’s Oldest AI Stocks
+1.8% — Moved with the tape — no single reported reason that day.
-3.2% — Moved with the tape — no single reported reason that day.
-3.8% — Moved with the tape — no single reported reason that day.
+2.3% — Moved with the tape — no single reported reason that day.
-1.8% — Moved with the tape — no single reported reason that day.
-2.0% — Moved with the tape — no single reported reason that day.
-2.7% — Moved with the tape — no single reported reason that day.
-3.2% — Moved with the tape — no single reported reason that day.
-4.2% — Moved with the tape — no single reported reason that day.
+2.3% — Moved with the tape — no single reported reason that day.
+5.4% — Moved with the tape — no single reported reason that day.
+3.5% — Moved with the tape — no single reported reason that day.
The brief, in your inbox
One email every market morning. What moved, why, and what happened after.