ChatGPT-maker OpenAI 'troubles' hit Microsoft, pull down company's shares as investors worry ...
Microsoft's stock saw a significant drop after its earnings report. Investors focused on worries about its cloud service, Azure. Growth in Azure is reportedly slowing. Microsoft's increasing dependence on OpenAI, the maker of ChatGPT, is also a concern. This dependency accounts for a large portion of future cloud commitments. The company is facing capacity issues for its cloud services.
Microsoft's stock saw a significant drop after its earnings report. Investors focused on worries about its cloud service, Azure. Growth in Azure is reportedly slowing. Microsoft's increasing dependence on OpenAI, the maker of ChatGPT, is also a concern. This dependency accounts for a large portion of future cloud commitments. The company is facing capacity issues for its cloud services.
