Microsoft’s stock may be an AI winner — but it’s not acting like one

Microsoft’s stock may be an AI winner — but it’s not acting like one

By Emily Bary
Publication Date: 2026-01-14 20:32:00

Published:

When you ask information-technology executives where they’re growing their artificial-intelligence spending, they’re most likely to mention Microsoft, according to Morgan Stanley analysts.

But investors have treated Microsoft’s stock

MSFT with skepticism recently. It’s down 10% over the past three months, corresponding with persistent weakness in the software sector.