As Microsoft charts AI spending, Wall Street and workers keep watch
Microsoft has rarely seen a wipeout like it. At one point this summer, the Redmond, Washington-based tech giant saw its stock price plummet 35% from its all-time high. The company wasn’t on the ropes financially. In fact, Microsoft was more profitable than ever, with a growing cloud computing business that propelled the company to earn $133 billion for the year. The swing mirrors the shift in ...