Stock Market Today, June 25: Microsoft Falls as AI Spending Concerns Pressure Cloud Margin Outlook

Microsoft stock fell 3.45% to $352.83 after Stifel cut its price target from $415 to $400, citing concerns that margin expectations may be unrealistic as the company increases AI infrastructure investment. While Azure growth continues to support the stock, investors are assessing whether cloud and AI product demand can offset rising operational costs. The broader tech sector also weakened, with Oracle and Alphabet declining.