Key facts
- Microsoft's stock has seen a significant decline in June.
- Investor concerns are linked to the company's substantial spending.
- Analysts describe the current situation as a shift to a capital-intensive cycle.
Microsoft's stock is undergoing a significant downturn in June, described as a historic rout, as investors express reservations about the company's substantial spending. Analysts suggest that investors who previously valued Microsoft for its free-cash-flow profile are now being asked to support a more capital-intensive phase for the company.