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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a development that highlights a sharp divide in the impact of artificial intelligence on tech stocks, Microsoft is heading for its worst monthly performance since 2000 amid AI capex concerns, according to reports. In contrast, Micron delivered record revenue and earnings per share, driven by strong demand for AI-powered memory chips. This divergence underscores how massive AI spending can hurt software giants while boosting chipmakers' profits.
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Sign InIn terms of prices, Microsoft closed at $370.20 on June 26, while Micron closed at $1,154.25, per market data. Meanwhile, other major tech stocks traded at mixed levels: Apple at $283.78, Alphabet at $342.38, and Meta at $550.74. These moves follow a string of economic data showing a slowdown in the services sector in the US and Europe, adding to market uncertainty.
Looking ahead, Microsoft shares traded in a daily range of $355.43 to $371.95 on its last session, indicating strong selling pressure. Micron, on the other hand, ranged between $1,126.87 and $1,198.71. Investors are now focusing on upcoming PMI and employment data to gauge the trajectory and sustainability of AI capital expenditure.