Key Points Microsoft's stock slid around 35% from its October 2025 record close to a low in late June. Azure's revenue growth sped up to 43% in the quarter ended June 30. Microsoft expects its capital spending to rise again in fiscal 2027. 10 stocks we like better than Microsoft › Microsoft (NASDAQ:MSFT) spent the first half of 2026 moving the wrong way. From a record close of $542.07 on Oct. 28, 2025, the stock fell to $352.83 by June 25 -- a drop of about 35%. The recovery has been just as sharp. At roughly $516 as I write, including a gain of over 3% on Friday, shares have risen about 46% from the late-June low. They are now only about 5% off the record. Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger.
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