Microsoft shares are headed for their longest losing streak since 2011, falling for eight consecutive sessions as of November 7.

The stock has dropped 8.6% during this period, wiping out nearly US$350 billion in market value.

The decline followed its late October earnings report, which showed strong Azure cloud growth but revealed US$34.9 billion in quarterly capital spending, with more spending expected.

Investors have grown cautious about the rising costs of building AI infrastructure, triggering a broader selloff in major tech stocks.

The Nasdaq 100 Index and Bloomberg Magnificent 7 Total Return Index are both down around 4% this week, their steepest drops since April.

Apple shares, meanwhile, rose up to 0.9% on November 7, bucking the tech decline.

🔗 Source: Bloomberg

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