Here's how much of a hit Microsoft is taking with its investment in GM's Cruise
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Microsoft will record an impairment charge in its fiscal second quarter due to its investment in GM's Cruise robotaxi unit made in 2021.
December 11, 2024 | 10:30 pm
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NEGATIVE IMPACT
Microsoft will incur an impairment charge in its fiscal second quarter due to its investment in GM's Cruise robotaxi unit.
The impairment charge indicates a reduction in the value of Microsoft's investment in Cruise, which could negatively impact investor sentiment and MSFT's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80