Microsoft’s Stock-Market Halo Fades as Recession Doubts Creep In
- Nasdaq 100, S&P 500 outperform Microsoft’s stock this year
- Growth at Azure cloud business expected to slow in 2023, 2024
Microsoft last week joined its peers in cutting jobs.
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The expected slowdown at Microsoft Corp.’s cloud-computing business is coming as a disappointment to some investors who had counted on the software giant to be relatively resistant to a potential recession.
The stock has missed out on most of the January rally in tech and some analysts have started turning negative on it after years in which the company enjoyed overwhelmingly bullish ratings.