Microsoft shares fall in Frankfurt after disappointing update
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FILE PHOTO: A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, March 25, 2024. REUTERS/Gonzalo Fuentes/File Photo
(Reuters) - Microsoft's Frankfurt-listed shares fell 2.7% at the open on Wednesday following a disappointing update.
The U.S. tech group said on Tuesday it would spend more money on AI infrastructure, even as growth slowed in its cloud business, another sign the payoff from hefty investments in the technology may take longer than Wall Street had hoped.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
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