Microsoft President Sells $20M in Stock Amid Post-Earnings Dip and AI Concerns
Microsoft's Vice Chair and President Brad Smith offloaded $20 million worth of MSFT shares following the company's Q3 earnings report, capitalizing on an 8% price drop. The transactions, executed on November 3 at ~$519/share, reduced Smith's holdings to 461,596 shares valued at $240 million.
Investor unease grows as AI-driven valuations face scrutiny. Mega-cap tech firms like Microsoft confront skepticism over ballooning capital expenditures for AI infrastructure. The selloff coincides with broader market doubts about sustainability in the sector's breakneck growth.