"Early in the year, Microsoft Corp. invested $10 billion in OpenAI, the emerging company at the heart of the AI revolution, as it believed it was falling behind rivals."
"Microsoft's investment pushed its stock up, but despite a good first half of 2024, shares later underperformed, rising only 10%, compared to the market's 20% increase."
"Investors believe Microsoft's aggressive investment in AI may not pay off soon and could hurt the bottom line, leading to skepticism about its future success in the sector."
"Microsoft faces stiff competition in AI, with Alphabet's Gemini AI features not only launched but already integrated into its vast search capabilities, creating additional pressure."
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