Microsoft (MSFT) stock has underperformed its peers so far in 2026. Shares of this technology giant have fallen about 20%, lagging rivals such as Alphabet (GOOG) (GOOGL), whose stock has increased by more than 14% amid artificial intelligence (AI) enthusiasm, and Amazon (AMZN), which is up about 4% year-to-date.
Moreover, MSFT stock has also lagged the broader index, with the S&P 500 Index ($SPX) gaining more than 7% so far in 2026.