MSFT Plunges 18%
Microsoft Corp. is down about 18% on the month, its worst June since 2000, as investors dump the stock over AI capex fears
It’s been a week of stark contrast on Wall Street. Crude collapsed below $70 as the Strait of Hormuz reopened, yet the Fed’s preferred inflation gauge hit a three-year high, the Magnificent Seven kept bleeding, and Micron Technology Inc. ” Oil Tanks As Hormuz Reopens WTI crude has now fully wiped out its war premium. Oil is also down more than 20% on the month, on pace for its worst monthly performance since March 2020.
Saudi Arabia resumed loading tankers at Ras Tanura, and Persian Gulf exports recovered to roughly 75% of prewar levels, according to Goldman Sachs estimates. ” Markets shrugged. Oil held onto its losses. Fed’s Favorite Inflation Gauge Hits 3-Year High Yet inflation is still catching up to the shock from the Iran war.
4% year-over-year in May, the highest since October 2023. 1%, the hottest since April 2023. 75% but signaled openness to a hike. Markets now price an October hike as the base case.
Hyperscalers Falter Microsoft Corp. (NASDAQ: MSFT ) is down about 18% on the month — its worst June since 2000, as investors keep dumping the stock over AI capex fears. Fellow hyperscaler Oracle Corp. (NYSE: ORCL ) has fared even worse, plunging 30% in June and erasing more than $300 billion in market value after warning of $70 billion in fiscal 2027 capex.
Apple Inc. (NASDAQ: AAPL ) added a new twist to the narrative this week, raising prices across its product line to offset surging memory costs — a direct pass-through of the AI-driven memory boom into consumer wallets. The Roundhill Magnificent Seven ETF (NYSE: MAGS ) is heading for its worst month since inception, with over $1 billion in outflows. Micron’s Memorable Beat The flip side: a windfall for AI infrastructure suppliers.
5 billion, up 346% on the year. 6%. 68 a year ago, nearly a 15-fold increase. Shares jumped 15% on Thursday as the stock saw multiple price-target hikes.
9, yet sentiment is still 19% below a year ago. 4%. Read Also: The Memory Oligopoly: How Micron And 6 Other Names Now Set The Price For The AI Race Photo: Matej Kastelic/Shutterstock