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Microsoft Finds Itself in Favor as Stock Rout Hits FAANGs

  • Investors reward company’s focus on its enterprise business
  • Shares have outperformed all other FAANG stocks since October
Microsoft cloud
Photographer: Krisztian Bocsi/Bloomberg
Updated on

Microsoft Corp. is faring better than its more celebrated peers as losses pile up for technology stocks.

The software giant’s enterprise-oriented business is being rewarded by investors in search of stability while fears about slowing revenue growth have weighed on consumer-focused companies such as Apple Inc. and Inc. The Redmond, Washington-based company’s shares have fallen just 10 percent since the start of October -- shaving its gain this year to 20 percent -- while Amazon and Apple have each tumbled more than 20 percent.