Microsoft’s US$570 billion rout sets up its worst month since 2000

Microsoft's stock has plummeted 17% this June, marking its steepest monthly decline since December 2000 and shaving off a staggering US$570 billion from its market value. This sharp downturn reflects broader concerns about the tech giant's future growth prospects amid a competitive market and shifting investor sentiment. Investors are likely weighing in on the company's strategic direction and its ability to innovate and maintain market leadership amidst global economic uncertainties. This significant drop underscores the volatile nature of tech stocks and the impact of investor confidence on corporate valuations.