Microsoft tumbled 10% in a day and isn’t recovering premarket. Here’s why

Key Points

Microsoft’s stock saw its biggest daily decline since 2020 on Thursday, falling 10%. The stock is up 0.5% premarket on Friday.
The share slide wiped $357 billion off the software giant’s market cap.
Analysts attributed the move to company’s cloud computing business growing slightly slower than expected.

Source

Technology

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