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MarketBeat
MarketBeat
Chris Markoch

Investors Sell Microsoft Stock on OpenAI News—Time to Buy?

It’s been a terrible week for Microsoft Corporation (NASDAQ: MSFT) shareholders. As of the close on Apr. 21, MSFT stock has dropped more than 8.6% over the past five trading days. One reason is concern over OpenAI’s plans to acquire the AI company Windsurf for $3 billion.

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Although the deal is unlikely to directly impact Microsoft, investors could be selling as an expression of concern that OpenAI’s ventures could eat away at Microsoft’s profits. The irony is that Microsoft stock jumped sharply in June 2024 when Microsoft’s partnership with OpenAI was first announced.

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