Microsoft Valuation Hits Decade Lows on AI Disruption and Spending Fears
Pershing Square Holdings highlighted Microsoft after the stock closed on Aug. 17, 2026 at $480.35 and reached decade-low earnings multiples. Despite a 20.77% one-month return, shares are down 5.77% over 52 weeks and 8% year-to-date from its average cost. Investors worry AI disruption may affect M365 and temper Azure growth amid rising compute investment, even as CEO Satya Nadella pushes Copilot innovation.