Microsoft rallies in last 10 minutes of trading to avoid first eight-week losing streak since 2008

With about 10 minutes left till the market’s shut, Microsoft’s inventory was down for the week. It might’ve been the first eight-week losing streak since 2008.

However the shares popped simply earlier than the tip of trading, pushing the top off 0.7% for the week to shut at $391.26. It’s nonetheless down 7% for the 12 months.

The last time Microsoft had a weekly hunch prefer it has seen this 12 months was between January and February 2008, when the nation was in the center of a monetary disaster. Microsoft shares fell 9 straight weeks.

Microsoft’s 2025 downdraft is notable as the corporate is seen as central to the synthetic intelligence increase. It has a hefty stake in OpenAI, is investing closely in its Azure cloud infrastructure and has many merchandise which can be incorporating generative AI applied sciences.

Together with its megacap friends, Microsoft has seen a current pullback on considerations that President Donald Trump’s tariffs and large price cuts will damage the economic system, presumably main to a recession.

Since reaching a closing excessive of $467.56 in July 2024, Microsoft is down about 16%, pushing its market cap to $2.9 trillion. The corporate issued disappointing income steerage on Jan. 30.

Inside cloud and AI, competitors is heating up throughout the board from rivals equivalent to Amazon and Google, in addition to from rising startups. Earlier this week, Google introduced its intent to purchase cloud safety startup Wiz for $32 billion.