Microsoft Cut as Oppenheimer Warns AI Revenue Overestimated
- Rating change comes after first downgrade in September
- Shares have underperformed since July amid ‘AI fatigue’
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Microsoft Corp. shares fell in premarket trading Tuesday following a downgrade from Oppenheimer, the second such analyst cut in recent weeks.
Analyst Timothy Horan lowered his view to perform from outperform and warned that investors were too optimistic about the potential of artificial intelligence to act as a near-term tailwind for the stock.