News · 23 April 2026
Microsoft's Biggest Ever Australia Deal Just Sent Its Own Stock Tumbling
Microsoft shares fell sharply Thursday after the company announced its largest-ever investment in Australia, pledging A$25 billion ($18 billion) for AI infrastructure, cybersecurity and cloud expansion by 2029. Sector-wide concerns over AI spending payback periods, amplified by weak results from IBM and ServiceNow, added to the pressure, with investors watching Microsoft's April 29 earnings closely.
Reported by Benzinga · How we write briefs