


(Reuters) - Microsoft Corp (NASDAQ:MSFT) underperformed big technology peers on U.S. exchanges on Wednesday as its shares fell 5.3% following a downgrade by brokerage UBS on worries over slowing growth for its cloud services and Office suite.
After years of rapid growth in the cloud business that made Microsoft an investor darling, the Satya Nadella-led software giant is now battling lower spending by businesses reeling with rising borrowing costs.
Microsoft's Azure cloud unit "is entering a steep growth deceleration that could prove to be worse in FY23/FY24 than investors are modeling," lead analyst Karl Keirstead warned, adding the market could be reaching saturation.
UBS lowered the stock to "neutral" from "buy" and cut the price target by $50 to $250. That is lower than the median of $290 and the average "buy" rating from more than 50 analysts, according to Refinitiv data.
Microsoft's stock hit a near two-month low of $226, making it the biggest loser on the benchmark S&P 500 index.
It had lost 29% of its value in 2022, but outperformed Big Tech peers such as Alphabet (NASDAQ:GOOGL) Inc and Amazon.com Inc (NASDAQ:AMZN) in a dismal year for the rate-sensitive sector.
Declining spending on enterprise software from companies cutting costs and slashing jobs could also weigh on Microsoft's Office 365 business this year, Keirstead said.
"We don't have as much confidence in the stock ... (at current valuation) to see much (if any) multiple expansion," he said.
Shares of Amazon were also down 2% after UBS lowered the price target on the stock to $125 from $165 on concerns over slowing cloud growth.
EUR/USD
1.0710
+0.0010 (+0.09%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (7)
Sell (1)
EUR/USD
1.0710
+0.0010 (+0.09%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (7)
Sell (1)
GBP/USD
1.2448
+0.0009 (+0.07%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (7)
Sell (2)
USD/JPY
139.93
-0.20 (-0.14%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (6)
AUD/USD
0.6663
+0.0011 (+0.17%)
Summary
NeutralMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (5)
Sell (2)
USD/CAD
1.3362
-0.0008 (-0.06%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (8)
EUR/JPY
149.85
-0.08 (-0.05%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (11)
EUR/CHF
0.9736
-0.0002 (-0.02%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (6)
Gold Futures
1,960.45
+2.05 (+0.10%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (6)
Sell (2)
Silver Futures
23.602
+0.073 (+0.31%)
Summary
NeutralMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (1)
Sell (4)
Copper Futures
3.7523
-0.0032 (-0.09%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (7)
Sell (1)
Crude Oil WTI Futures
72.34
-0.19 (-0.26%)
Summary
NeutralMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (6)
Sell (1)
Brent Oil Futures
76.73
-0.22 (-0.29%)
Summary
SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (3)
Sell (5)
Natural Gas Futures
2.320
-0.011 (-0.47%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
US Coffee C Futures
186.10
+3.50 (+1.92%)
Summary
BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (5)
Sell (0)
Euro Stoxx 50
4,291.91
-3.31 (-0.08%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (3)
Sell (5)
S&P 500
4,267.52
-16.33 (-0.38%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (4)
DAX
15,960.56
-31.88 (-0.20%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (1)
Sell (4)
FTSE 100
7,624.34
-3.76 (-0.05%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (3)
Sell (5)
Hang Seng
19,135.00
-117.00 (-0.61%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (6)
US Small Cap 2000
1,891.11
+35.71 (+1.92%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
IBEX 35
9,359.80
+49.00 (+0.53%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (8)
BASF SE NA O.N.
46.450
-0.310 (-0.66%)
Summary
↑ BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (7)
Sell (0)
Bayer AG NA
52.13
-0.15 (-0.29%)
Summary
NeutralMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (7)
Sell (0)
Allianz SE VNA O.N.
208.85
-1.65 (-0.78%)
Summary
NeutralMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (2)
Sell (7)
Adidas AG
159.26
-0.42 (-0.26%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (7)
Sell (1)
Deutsche Lufthansa AG
9.133
-0.008 (-0.09%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (7)
Sell (0)
Siemens AG Class N
158.46
+0.10 (+0.06%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (6)
Sell (2)
Deutsche Bank AG
9.812
+0.028 (+0.29%)
Summary
BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (5)
Sell (3)
EUR/USD | 1.0710 | ↑ Buy | |||
GBP/USD | 1.2448 | ↑ Buy | |||
USD/JPY | 139.93 | ↑ Sell | |||
AUD/USD | 0.6663 | Neutral | |||
USD/CAD | 1.3362 | ↑ Sell | |||
EUR/JPY | 149.85 | ↑ Sell | |||
EUR/CHF | 0.9736 | ↑ Sell |
Gold | 1,960.45 | ↑ Buy | |||
Silver | 23.602 | Neutral | |||
Copper | 3.7523 | Buy | |||
Crude Oil WTI | 72.34 | Neutral | |||
Brent Oil | 76.73 | Sell | |||
Natural Gas | 2.320 | ↑ Sell | |||
US Coffee C | 186.10 | Buy |
Euro Stoxx 50 | 4,291.91 | ↑ Sell | |||
S&P 500 | 4,267.52 | ↑ Sell | |||
DAX | 15,960.56 | ↑ Sell | |||
FTSE 100 | 7,624.34 | Sell | |||
Hang Seng | 19,135.00 | ↑ Sell | |||
Small Cap 2000 | 1,891.11 | ↑ Buy | |||
IBEX 35 | 9,359.80 | ↑ Sell |
BASF | 46.450 | ↑ Buy | |||
Bayer | 52.13 | Neutral | |||
Allianz | 208.85 | Neutral | |||
Adidas | 159.26 | Buy | |||
Lufthansa | 9.133 | ↑ Buy | |||
Siemens AG | 158.46 | ↑ Buy | |||
Deutsche Bank AG | 9.812 | Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,635![]() ![]() (-10 ![]() ![]() |
SJC HCM | 6,635![]() ![]() (-10 ![]() ![]() |
SJC Hanoi | 6,635![]() ![]() (-10 ![]() ![]() |
SJC Danang | 6,635![]() ![]() (-10 ![]() ![]() |
SJC Nhatrang | 6,635![]() ![]() (-10 ![]() ![]() |
SJC Cantho | 6,635![]() ![]() (-10 ![]() ![]() |
Cập nhật 08-06-2023 09:03:43 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,945.81 | -17.5 | -0.89% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 22.790 | 23.240 |
RON 95-III | 22.010 | 22.450 |
E5 RON 92-II | 20.870 | 21.280 |
DO 0.05S | 17.940 | 18.290 |
DO 0,001S-V | 18.800 | 19.170 |
Dầu hỏa 2-K | 17.770 | 18.120 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $72.34 | +0.3 | 0.00% |
Brent | $76.59 | +0.15 | 0.00% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.285,00 | 23.655,00 |
EUR | 24.497,36 | 25.869,06 |
GBP | 28.481,09 | 29.695,52 |
JPY | 163,26 | 172,84 |
KRW | 15,52 | 18,91 |
Cập nhật lúc 08:57:59 08/06/2023 Xem bảng tỷ giá hối đoái |