Microsoft Corporation is trading 3.6% down at $443.93 as concerns over regulatory probes and high AI-related spending overshadow the kick-off of its Build 2026 conference.
- The U.S. Federal Trade Commission (FTC) is reportedly investigating the company's cloud, AI, and software bundling practices for potential antitrust risks.
- Investors are also weighing the financial impact of Microsoft's aggressive AI strategy, which includes a planned $190 billion investment in infrastructure by 2026, pressuring short-term margins and free cash flow.
- The drop follows a strong rally leading up to the Build conference, and today's decline appears driven by these specific fundamental concerns rather than simple profit-taking.