Microsoft shares are trading lower as stocks sell off amid rising yields. Additionally, Ofcom is reportedly set to advocate for an antitrust probe into Amazon and Microsoft's UK cloud computing market share.
Portfolio Pulse from Bill Haddad
Microsoft shares are trading lower due to a general stock sell-off amid rising yields. UK regulator Ofcom is reportedly advocating for an antitrust probe into Amazon and Microsoft's UK cloud computing market share.
October 03, 2023 | 5:52 pm
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Microsoft's stock is trading lower due to market-wide sell-off and potential antitrust probe into its UK cloud computing market share.
The general market sell-off due to rising yields is negatively impacting Microsoft's stock. Additionally, the potential antitrust probe into Microsoft's UK cloud computing market share by Ofcom could lead to regulatory issues and fines, further pressuring the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100