Microsoft shares fall in Frankfurt after disappointing update
2:10 am Wednesday, July 31st, 2024
(Reuters) – Microsoft’s Frankfurt-listed shares fell 2.7% at the open on Wednesday following a disappointing update.
The U.S. tech group said on Tuesday it would spend more money on AI infrastructure, even as growth slowed in its cloud business, another sign the payoff from hefty investments in the technology may take longer than Wall Street had hoped.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
