Why Microsoft Stock Sank Today

Why Microsoft Stock Sank Today

By Keith Noonan, The Motley Fool
Publication Date: 2026-04-23 22:02:00

Microsoft (NASDAQ: MSFT) stock closed out Thursday’s trading in the red amid bearish momentum for software companies. The tech giant’s share price ended the day down 4%. The S&P 500 closed out the session down 0.5%, and the Nasdaq Composite was down 0.9%.

Microsoft and other high-profile software stocks faced pressure today as investors had a strong negative reaction to ServiceNow‘s first-quarter results. With the pullback, Microsoft’s share price is now down 14% year to date and 23% from its hight.

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The question of whether new artificial intelligence (AI) applications will disrupt traditional software-as-a-service (SaaS) leaders has been a key debate shaping valuation trends in the market this year, and ServiceNow’s…